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Rayat Shikshan Sanstha's
Tal : Man, Dist : Satara, PinCode : 415508
(Affiliated to Shivaji University Kolhapur)
NAAC 4th Cycle Accredited at 'A++' grade (CGPA 3.60) (Funded by DST- FIST)
ISO 9001:2015 Certified
NIRF ( National Institutional Ranking Framework )
Atal Ranking of Institutions on Innovation Achievements
Ministry of Micro, Small & Medium Enterprises, Govt. of India
ASPIRE - LBI funded
About ASPIRE scheme
1.1 Objective of ASPIRE SCHEME
  1. Creation of new jobs and reducing unemployment.
  2. Grassroots economic development at the district level.
  3. Promoting entrepreneurship culture in India.
  4. Facilitating innovative business solutions for meeting the social needs of the people.
  5. Promoting innovation for further strengthening the competitiveness in the MSME sector.
1.2 Scope of ASPIRE
The assistance provided under this scheme is used for the following purposes:
  1. Automation of agricultural practices and related activities.
  2. Addition of value for agriculture and forest produce.
  3. Recycling of agricultural pre/post-harvest wastages, animal husbandry, off-farm but linked to farm activities, etc.
  4. Business models for value addition and aggregation relevant for rural areas, for social impact and the generation of local employment in rural areas.
1.3 Component of ASPIRE Scheme
The components of this scheme are-
  1. Livelihood Business Incubation (LBI)
    The main objective of Livelihood Business Incubation is setting up business incubators to incubate, provide skill development training to youth, impart entrepreneurship and facilitate funding for empowering the entrepreneurs to set up their business enterprises. The main focus of these incubators is creating jobs at the local level and reducing unemployment. These incubators create a favourable ecosystem for the development of entrepreneurship in the country. The LBI’s create enterprises on a large scale by taking up those commercial activities which are already established.
  2. Technology Business Incubation (TBI)
    Technology Business Incubators are an effective economic development tool. TBI promotes the growth of an enterprise through the application of technology, innovation and supporting economic development strategies for small business development. They also encourage growth in local economies and provide mechanisms for technology transfer. The TBI’s mainly focus on those technologies that require support for commercialisation and future proliferation. The programmes under TBI include support and setting up incubation centres, incubation of ideas, creation of business enterprises out of innovative ideas and accelerator programmes for incubators.
  3. Start-up Promotion through Small Industries Development Bank of India (SIDBI)
    The Small Industries Development Bank of India (SIDBI) enables ideas/innovations that have creativity and scalability to come ahead and convert these into commercially viable enterprises within a specified period with specific outcomes through innovative means of finance. The innovative means of finance of SIDBI include equity, quasi-equity, venture capital fund, angel fund, challenge fund, impact fund, etc. A fund of funds is also created under SIDBI for achieving the purpose of converting ideas/innovations into commercially viable enterprises. This component targets knowledge initiatives which require support and nurture to succeed in the development of technology. It also targets the business enterprises in the areas of innovation, accelerator support in Agro-based Industry vertices, entrepreneurship and forward-backwards linkage with multiple value chains of manufacturing and service delivery.
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