A Scheme for Promotion of Innovation, Rural Industry & Intrepreneurship (ASPIRE)

• Key concept: A Scheme for Promotion of Innovation, Rural Industry & Intrepreneurship (ASPIRE) • Essential for UPSC CSE Prelims, State PSCs, SSC CGL & Railway exams. • Comprehensive analytical coverage and factual pointers provided below.

The scheme is launched with an objective to set up a network of technology centers, incubation centres to accelerate entrepreneurship and also to promote start-ups for innovation and entrepreneurship in rural and agriculture based industry.

The planned outcomes of ASPIRE are setting up Technology Business Incubators (TBI), Livelihood Business Incubators (LBI) and creation of a Fund of Funds for such initiatives with SIDBI.