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ASPIRE Scheme is also known as Scheme for promoting innovation, entrepreneurship, and agro-industry. This scheme is promoted by the Ministry of Micro, Small and Medium Enterprises. ASPIRE Scheme was made with the objective of promoting innovation, entrepreneurship, and agro-industry in the year 2014-15.
The main aim of the Government of India is to promote rural development. Continuous efforts have been made by the government to promote social well-being of the people in the rural area. Despite efforts made by the Government still the problem of poverty, unemployment and migration still exist. As still 56% of the population still depends on agriculture so there is a need to develop the agro-based industry. This scheme has been developed with the aim of creating employment opportunities in rural areas.
The cash granted under the scheme is utilized in following ways:
Also, Read: Stand Up India: An Ultimate Funding Scheme for Entrepreneurs.
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