{"id":2551,"date":"2020-02-02T15:46:24","date_gmt":"2020-02-02T10:16:24","guid":{"rendered":"https:\/\/www.grainmart.in\/news\/?p=2551"},"modified":"2020-02-02T15:46:25","modified_gmt":"2020-02-02T10:16:25","slug":"support-for-entrepreneurial-and-managerial-development-of-msmes-through-incubators","status":"publish","type":"post","link":"https:\/\/www.grainmart.in\/news\/support-for-entrepreneurial-and-managerial-development-of-msmes-through-incubators\/","title":{"rendered":"Support for Entrepreneurial and Managerial Development of MSMEs Through Incubators"},"content":{"rendered":"\n<p>Grainmart&#8217;s complete guide to availing Support for Entrepreneurial and Managerial Development of MSMEs through Incubators. India as a country is competitive as well as innovative but lacks infrastructure and support to nurture the same. In India, <a href=\"https:\/\/www.grainmart.in\/news\/entrepreneurship-and-skill-development-programme-esdp\/\">entrepreneurs <\/a>constantly struggle to get their innovative ideas into existence. In addition, their success despite impacting the advancement in technology, also plays a critical role in boosting our economy. Following which the government  implemented Support for Entrepreneurial and managerial development of MSMEs through Incubators in the financial year 2019-20. <\/p>\n\n\n\n<p>The government plans to incubate eligible individuals or industries through Host Institutions (HI) or Business Incubators (BI) by providing Financial Assistance. The said assistance shall aid in:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>To nurture the idea (up to 15 lakhs to the HI)<\/li><li>Capital for plant setup and machinery (up to 1 crore to the HI)<\/li><li>Seed capital support fund for <a href=\"https:\/\/www.grainmart.in\/news\/government-plans-to-setup-a-dedicated-cell-for-agri-startups\/\">startups <\/a>(up to 1 crore to the start-up or industry)<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"1024\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-HI-794x1024.jpg\" alt=\"\" class=\"wp-image-2552\" srcset=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-HI-794x1024.jpg 794w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-HI-233x300.jpg 233w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-HI-768x990.jpg 768w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-HI-1191x1536.jpg 1191w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-HI.jpg 1237w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><figcaption>Current HI\/BI Proposals under Support for Entrepreneurial and Managerial Development of MSMEs through Incubators <\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Objectives<\/strong><\/h5>\n\n\n\n<p>The key goal of the scheme is to promote and support Innovation. Functions with the following prime objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>To incubate creative ideas from individuals through HI (Host Institutes) including technical colleges and other research institutes.<\/li><li>Implementing the latest manufacturing technologies into present industries.<\/li><li>Encourage MSMEs to engage with enablers to support expansion by developing design strategies and executing them.<\/li><li><a href=\"https:\/\/www.grainmart.in\/news\/crowdfunding-a-real-working-capital-option-for-msmes-in-india\/\">Funding <\/a>potential startups with soft loans<\/li><li>Motivate to forge connections and thereby properly commercialize their products.<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Salient Features<\/strong><\/h5>\n\n\n\n<p>The Incubation scheme provides substantial financial assistance. Also supports the growth of creative ideas and MSMEs in various ways:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Incubator scheme provides SEED Capital support fund for setting up of <a href=\"https:\/\/www.grainmart.in\/news\/tech-start-ups-helping-farmers-transforming-indian-agriculture-sector\/\">Startups <\/a>which assist in up to 1 Crore capital. Further, this seed capital for eligible and potentially good ideas are provided through:<ul><li>Soft Loan<\/li><\/ul><ul><li>Equity Participation<\/li><\/ul><ul><li><a href=\"https:\/\/www.grainmart.in\/news\/2-interest-subvention-scheme-for-msmes\/\">Interest<\/a>-free Loan<\/li><\/ul><ul><li>Grant <\/li><\/ul><ul><li>Combination of the above<\/li><\/ul><\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The program provides a network, linking them to other manufacturers to commercialize. Additionally, gain professional      assistance to make the enterprise successful and achieve growth.<\/li><li>In the current competitive period, technology-based new enterprises are at high risk of achieving success but simultaneously they are the ones that show promise of high growth in the industry, the scheme provides support with Business incubators which give a high enabling environment for a better chance of success of such enterprises.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"863\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-Ideas-Proposal-1024x863.jpg\" alt=\"\" class=\"wp-image-2553\" srcset=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-Ideas-Proposal-1024x863.jpg 1024w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-Ideas-Proposal-300x253.jpg 300w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-Ideas-Proposal-768x647.jpg 768w, https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/MSME-Support-for-Entrepreneurial-and-Managerial-Development-of-MSMEs-through-Incubators-Ideas-Proposal.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption> Ideas Proposals Under Support for Entrepreneurial and Managerial Development of MSMEs through Incubators  <\/figcaption><\/figure>\n\n\n\n<p><a href=\"http:\/\/www.dcmsme.gov.in\/schemes\/All%20Physical%20&amp;%20Financial%20information%20of%20Incubation%20Scheme.pdf\">Click here<\/a> to see the current List of Ideas approved under the scheme.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Eligibilit<\/strong>y<\/h5>\n\n\n\n<p>The following list of candidates\/ institutes are eligible to apply to the Incubation scheme:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Individuals such as Students or Entrepreneurs of various institutes such as Technical colleges, Research Institutes, Universities, NGOs involved in similar activities or any individual under any Institute\/Organisation under the Govt. of India with a potential      Creative and Technical Idea.<\/li><li>Any industry classified under MSME under Government of India with a valid UDM number.<\/li><\/ul>\n\n\n\n<p>The above-listed Individuals can apply for Incubation under Host institutes or Business Incubators.<\/p>\n\n\n\n<p>Any Technical Institute that wants to become a host institution for supporting the Incubation scheme can apply to the MSME-DC. Further, priority given to Institutes in the North-East Region for supporting Bls.<\/p>\n\n\n\n<p>The Hl\u2019s \/Bl\u2019s must encourage participation from women\/ SC\/ST candidates for the inclusive implementation of the scheme.\u00a0<\/p>\n\n\n\n<p><a href=\"http:\/\/www.dcmsme.gov.in\/schemes\/proforma_business_incubator.pdf\">Click here<\/a> to see the Proforma of Host Institutions or Business Incubator for Submission of Project Proposals.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Financial Assistance to HI<\/strong><\/h5>\n\n\n\n<p>A grant maximum of 15 lakhs provided per idea with the project span of one, out of which MSMEs contribute 15%, whereas it is 0% for students. If the beneficiary drops from the project midway the HI can engage other candidates to continue the project if the project is considered worthy.<\/p>\n\n\n\n<p>Fund Released in two installments:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The first installment i.e 70% of the sanctioned amount.<\/li><li>The second installment i.e 30% of the sanctioned amount. This will be released on submission of the physical verification report and the utilization of 80% of funds from the previous installment.<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>\u00a0Financial Assistance for Plant and Machinery<\/strong><\/h5>\n\n\n\n<p>HI\u2019s are provided with funds up to 1 crore for procurement and installation of relevant plant and machinery. This might include the software necessary to support research and provide basic facilities to the recipients.<\/p>\n\n\n\n<p>The fund is released in two equal installments:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The first installment of the approved amount will be 50%. Released after the approval of the proposal. It is desirable to be utilized within 6 months from the release date<\/li><li>The second Installment of the remaining 50% released on providing a physical verification report of the utilization of prior installment. This fund is advised to be utilized within 3 months from the release date.<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Financial Support for Potential Start-ups<\/strong><\/h5>\n\n\n\n<p>The Incubation scheme aids by\nproviding seed capital support up to 1 crore and appropriate incubation to help\nestablish the startup and fees paid to Enablers.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Procedure<\/strong><\/h5>\n\n\n\n<p>Any MSME or individual (can be a\nstudent of the institute or not) can approach the nearest Host institute in the\nlist of institutes&nbsp;<a href=\"http:\/\/www.dcmsme.gov.in\/schemes\/Institutions_Detail.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">HERE<\/a>&nbsp;and apply to\nbe under the incubation scheme<\/p>\n\n\n\n<p>As mentioned in the eligibility criteria any institute that qualifies and wants to be a host institute under the Incubation scheme can approach the nearest MSME-DI or to the Development Commissioner of MSME to apply and become a HI.<\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"ead-preview\"><div class=\"ead-document\" style=\"position: relative;padding-top: 90%\"><div class=\"ead-iframe-wrapper\"><iframe src=\"\/\/docs.google.com\/viewer?url=https%3A%2F%2Fwww.grainmart.in%2Fnews%2Fwp-content%2Fuploads%2F2020%2F02%2FIncubatee_Application_Format.pdf&amp;embedded=true&amp;hl=en\" title=\"Embedded Document\" class=\"ead-iframe\" style=\"width: 100%;height: 100%;border: none;position: absolute;left: 0;top: 0;visibility: hidden;\"><\/iframe><\/div>\t\t\t<div class=\"ead-document-loading\" style=\"width:100%;height:100%;position:absolute;left:0;top:0;z-index:10\">\n\t\t\t\t<div class=\"ead-loading-wrap\">\n\t\t\t\t\t<div class=\"ead-loading-main\">\n\t\t\t\t\t\t<div class=\"ead-loading\">\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/plugins\/embed-any-document\/images\/loading.svg\" width=\"55\" height=\"55\" alt=\"Loader\">\n\t\t\t\t\t\t\t<span>Loading&#8230;<\/span>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"ead-loading-foot\">\n\t\t\t\t\t\t<div class=\"ead-loading-foot-title\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/plugins\/embed-any-document\/images\/EAD-logo.svg\" alt=\"EAD Logo\" width=\"36\" height=\"23\"\/>\n\t\t\t\t\t\t\t<span>Taking too long?<\/span>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<p>\n\t\t\t\t\t\t\t<div class=\"ead-document-btn ead-reload-btn\" role=\"button\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/plugins\/embed-any-document\/images\/reload.svg\" alt=\"Reload\" width=\"12\" height=\"12\"\/> Reload document\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<span>|<\/span>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/Incubatee_Application_Format.pdf\" class=\"ead-document-btn\" target=\"_blank\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.grainmart.in\/news\/wp-content\/plugins\/embed-any-document\/images\/open.svg\" alt=\"Open\" width=\"12\" height=\"12\"\/> Open in new tab\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><p class=\"embed_download\"><a href=\"https:\/\/www.grainmart.in\/news\/wp-content\/uploads\/2020\/02\/Incubatee_Application_Format.pdf\" download>Download [21.78 KB] <\/a><\/p><\/div>\n\n\n<p>Download the application form for Entrepreneur\/Incubatee<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Contact the Authority<\/h5>\n\n\n\n<p>Principal Director, MSME- TDC (PPDC), Foundry Nagar, Agra- 282006<\/p>\n\n\n\n<p><a href=\"http:\/\/www.dcmsme.gov.in\/schemes\/Incubators10.pdf\">Click here<\/a> for detailed and official guidelines of the scheme<\/p>\n\n\n\n<p>Email-&nbsp;<a href=\"mailto:info@ppdcagra.com\" target=\"_blank\" rel=\"noreferrer noopener\">info@ppdcagra.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grainmart&#8217;s complete guide to availing Support for Entrepreneurial and Managerial Development of MSMEs through Incubators specially startups<\/p>\n","protected":false},"author":12,"featured_media":2557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[10107,10121,10101,10098,10113,4735,10105,10111,10115,10106,10104,10112,10099,4780,10114,10119,9838,10120,1447,10103,10109,10108,10118,10116,10102,10110,2362,10100,10117],"class_list":["post-2551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial","tag-business-incubators","tag-development-commissioner-of-msme","tag-development-of-msmes-through-incubators","tag-entrepreneurial-and-managerial-development","tag-equity-participation","tag-financial-assistance","tag-funding","tag-funding-startups","tag-grant","tag-host-institutions","tag-ideas","tag-incubation-scheme","tag-incubators","tag-infrastructure","tag-interest-free-loan","tag-msme-di","tag-msme-scheme","tag-msme-tdc","tag-msmes","tag-msmes-scheme","tag-nurture-the-idea","tag-plant-and-machinery-capital","tag-project-proposal","tag-research-institutes","tag-seed-capital-support-fund","tag-soft-loans","tag-startups","tag-support-for-entrepreneurial-and-managerial","tag-technical-institutes"],"yoast_head":"<!-- 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