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ASPIRE LBI

ASPIRE Livelihood Business Incubators (LBI)

Last checked 18 Oct 2026 against the official scheme page. Terms and dates can change, so confirm on the official site before you apply.

One-time grant for plant and machinery up to Rs 1 crore for government agencies (75% / Rs 75 lakh cap for private, as reported; private figure not cleanly verified), plus separate operational grant up to Rs 1 crore

Funding available

ASPIRE (A Scheme for Promotion of Innovation, Rural Industry and Entrepreneurship), run by the Ministry of MSME, funds Livelihood Business Incubators that train and incubate rural and agro-based entrepreneurs. The portal reports 109 LBIs approved, 82 functional, and invites eligible applicants to apply for new LBIs. Hosting agencies receive a one-time grant of up to Rs 1 crore (government agencies) per the revised guidelines.

Eligibility Criteria

Institutions applying to set up an LBI (not individual entrepreneurs). Trainees are prospective rural entrepreneurs.

What You Get

  • Skill training, incubation and micro-enterprise support through LBIs; 1.15 lakh beneficiaries skilled per portal.

Apply on the official government portal

Apply Now

Quick Facts

Governing Body
Ministry of MSME (ASPIRE)
Ministry / Dept
Ministry of Micro, Small and Medium Enterprises
Level
Central Government
Status
Ongoing

Startup Stage

IdeationValidation

Target Sectors

Agro and rural industry