Consider the following statements about 'A Scheme for Promotion of Innovation, Rural Industry & Entrepreneur-ship' (ASPIRE):
1. It is a scheme of the Ministry of Rural Development.
2. It seeks to promote start-ups for innovation and entrepreneurship in agro-industry.
Which of the statements given above is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is B 2 only
A Scheme for Promotion of Innovation, Rural Industry & Entrepreneur-ship' (ASPIRE) is a scheme launched by Ministry of Micro, Small and Medium Enterprises (MSME). The objective of the scheme is to promote start-ups for innovation and entrepreneurship in agro-industry. Under ASPIRE, 80 Livelihood Business Incubation (LBI) centres are to be set up in which a total of 104000 incubates will be trained and 30 (10 new & 20 existing) Technology Business Incubation (TBI) centres.

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