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Tuesday, November 5, 2024

Business Incubators updates 31LBIs sanctioned

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A total number of 31 Livelihood Business Incubators (LBIs) were sanctioned  under A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship (ASPIRE) during the financial year 2020-21. Four (4) LBIs became functional during the financial year 2020-21 A total number of 31LBIs sanctioned in Odisha under ASPIRE during the financial year 2020-21. No LBI became functional in Odisha during the same period.

For more information also read – https://smeventure.com/role-technology-smart-city-india/

As on date, 61 LBIs have become functional in the country including Odisha. Till 31.12.2021, 54,801 persons have been trained in LBIs across the country, out of which 15169 trainees became self-employed and 8928 trainees got employed in other units.

There is a mechanism to assess the operation of the scheme incorporating the inputs from the stakeholders, through a Third Party Assessment Study. In FY 2020-21, a Third Party assessment study of the scheme was conducted by IIM Lucknow.

Do watch – https://www.youtube.com/watch?v=gC8pKYaMw2g&t=741s

ASPIRE is a scheme to provide training and incubation support to prospective entrepreneurs in agro-rural sector through 31LBIs sanctioned, with no specific provision to extend benefits directly to local artisans.

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