Home / Policy Watch / Support for Entrepreneurial and Managerial Development of SMEs

Support for Entrepreneurial and Managerial Development of SMEs

The objective of the scheme is to provide early stage funding for nurturing innovative business ideas (new indigenous technology, processes, products, procedure, etc.) which could be commercialised in a year. Under this scheme financial assistance is provided for setting up of business incubators. Funding support for setting up of ‘Business Incubators (BI)’. The cost may vary between 4-8 lakh for each incubatee/idea, subject to overall ceiling of 62.5 lakh for each BI. Items at per BI

(a) Upgradation of infrastructure – 2.50 Lakh

(b) Orientation/Training – 1.28 Lakh

(c) Administrative expenses – 0.22 Lakh

Thus the total assistance per BI – 66.50 Lakh

The scheme is based on Request for proposal (RFP)/Expression of Interest (EOI) and application by the
technical institution, which wants to be host institution can be made by it, once an RFP is released. Any individual or MSME can apply directly to their nearesthost institution, a list of host institution is given on the website

http://www.dcmsme.gov.in/schemes/Institutions_Detail.pdf

Check Also

MSME Awards 2016-17 Application Form

The Ministry of Micro, Small and Medium Enterprises (MoMSME) has invited  MSME Awards 2016-17 Online …

Bitnami