A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship

ASPIRE supports Livelihood Business Incubators and Technology Business Incubators to promote rural entrepreneurship and innovation. Applications are routed through the MSME ASPIRE portal. This entry corresponds to ASPIRE's institution-facing route — the scheme funds Livelihood Business Incubators up to ₹75 lakh and Technology Business Incubators up to ₹1 crore, with applications from institutions and incubator hosts routed through the National Institute for MSME (ni-msme) and the ASPIRE portal rather than through a startup-facing form. Founders looking to benefit from ASPIRE generally need to first identify and approach one of the 109-plus approved LBIs (spread across 27 states/UTs) or an approved TBI in their region rather than applying to the ministry directly.