Ministry of Micro, Small and Medium Enterprises
More than 100 Livelihood Business Incubators (LBIs) have been approved across India under the ASPIRE scheme. ASPIRE stands for A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship and was launched in 2015 by the Ministry of Micro, Small and Medium Enterprises (MSME). The scheme aims to establish a network of LBIs to promote innovation and accelerate entrepreneurship. It focuses on skilling and re-skilling unemployed individuals, self-employed people, and wage earners in agro-rural sector technologies and other emerging areas.
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