GrantMinistry of MSMEVerified 11 May 2026Official source

ASPIRE — Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship

Establishes a network of Livelihood Business Incubators (LBIs) and Technology Business Incubators (TBIs) focused on agri-business and rural entrepreneurship. Startups in food processing, agritech, rural manufacturing, and craft sectors access incubation support, mentoring, and grants up to ₹1 Cr through ASPIRE-funded incubators.

Maximum amount
₹1.0Cr
Typical payout
₹30.0L
Processing time
8–20 weeks
Application window
Rolling through ASPIRE-funded incubators. New LBIs and TBIs are onboarded periodically.

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Eligibility criteria

Company type
Private Limited, LLP, One Person Company, Partnership Firm, Proprietorship
Stage
Idea Stage, Pre-Revenue, Early Stage (Revenue < ₹1Cr)
States
All India (nationwide)
Sectors
agritech, manufacturing, food_processing, other

Documents required

1
Business Idea / Plan
Description of your business concept and its rural/agri focus
Tip: Must be rooted in agri-business, food processing, or rural sector
2
Incorporation Certificate or Registration
Business registration documents
Tip: Proprietorships and partnerships are also eligible
3
Team Profiles
Founder and team background
4
Financial Projections
2-3 year revenue and cost projections

How to apply for ASPIRE

1
Visit msme.gov.in/aspire and locate an ASPIRE-funded incubator (LBI or TBI) in your areaOpen portal
2
Apply to the incubator directly — each LBI/TBI manages its own intake process and timelines
3
Selected startups receive incubation support including mentoring, shared infrastructure, and milestone-based grants

Frequently asked questions

Who is eligible for ASPIRE?

ASPIRE is available to Private Limited, LLP, One Person Company, Partnership Firm, Proprietorship companies at the Idea Stage, Pre-Revenue, Early Stage (Revenue < ₹1Cr) stage, across all Indian states (nationwide).

How much funding does ASPIRE provide?

ASPIRE provides up to ₹1.0Cr. Most applicants receive around ₹30.0L.

How long does ASPIRE approval take?

The typical processing time from submission to disbursement is 8–20 weeks.

Is ASPIRE currently accepting applications?

Yes, ASPIRE is currently active and accepting applications. Application window: Rolling through ASPIRE-funded incubators. New LBIs and TBIs are onboarded periodically..

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Information is based on publicly available scheme guidelines. Last verified 11 May 2026. Always verify with official sources before applying.