Entrepreneurial and Managerial Development of SMEs through Incubators funds


Ministry

Ministry of micro, small and medium enterprises

Description

The scheme endeavours to provide early stage funding for nurturing innovative business ideas (new indigenous technology, processes, products, procedures, etc.) which could be commercialised in a year. Under this scheme financial assistance is provided for setting up of business incubators.

Sponsored By

Central Government of India

Objective

Funding for nurturing innovative business ideas which could be commercialised in a year

Eligibility

Beneficiaries

  1. Any individual or MSME having innovative ideas ready for commercialisation can apply to the host institution (e.g., IITs, NITs, technical colleges, research institutes, etc.).
  2. Any technical institution (as given in the EoI) which wants to become host institution can apply to the office of the Development Commissioner – MSME (DC-MSME) or their nearest MSME-DI for funding support.

Benefits

Funding support for setting up of ‘Business Incubators (BI)’: The cost may vary from Rs.4 to 8 lakh for each incubatee/idea, subject to overall ceiling of Rs.62.5 lakh for each BI. Items @ per BI:

  1. Upgradation of infrastructure Rs. 2.50 lakh
  2. Orientation/training Rs. 1.28 lakhThus the total assistance per BI - Rs. 66.50 lakh
  3. Administrative expenses Rs. 0.22 lakh

How To Apply

A Udyami Helpline: Dial 1800-180-6763 [Toll Free Number] for queries relating to this Schemes.

Contact to :

         To host institution (by MSMEs), to
MSME-DI (by host institutions)

To the office of the Development Commissioner – MSME
(DC-MSME) or their nearest MSME-DI for funding support.
         
         
         

Status

Active

Sector

Micro, small and Medium enterprises



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