Govt. Of India Launches MSME Scheme For promoting Innovation Entrepreneurship
18 March, New Delhi
Minister of Micro, Small and Medium Enterprises (MSME) Kalraj Mishra Wednesday launched a scheme for promoting innovation, entrepreneurship and agro-industry.
The scheme was formulated to set up a network oftechnology centres and to set up incubation centres to accelerate entrepreneurship and also to promote start-upsfor innovation and entrepreneurship in agro-industry, Mishra said.
The scheme emanates from the Finance Ministers budget speech for 2014-15, whereby, he has suggested establishing technology centre network to promote innovation,entrepreneurship and agro-industry with a fund of Rs 200crore, the minister added.
He had also suggested to put in place a programme to facilitate forward and backward linkages with multiple chain of manufacturing and service delivery and also to take up a nationwide district level incubation and accelerator programme for incubation of new ideas and providing necessary support for accelerating entrepreneurship.
The Minister also announced the setting up of 500 new incubation centres all over India by next year.
The first important program component of the scheme is tocreate a database of technologies available with variousgovernment and private agencies and set up a network oftechnology centres for handholding of prospectiveentrepreneurs of MSME sector. The scheme will also develop the required skilled humanresources necessary for mentoring and handholding theincubatees in the Incubation centres.
It will create a framework for start-up promotion through Small Industries Development Bank of India (SIDBI) by using innovative means of finance to enable ideas or innovation with creativity and scalability to come to the fore and convert these into commercial enterprises with specific outcomes and within a specific time period