A corpus of Rs.200 Crore has been allocated in the Union Budget 2014-15 to the Ministry of Micro, Small and Medium Enterprises to “establishTechnology Centre Network to promote Innovation, Entrepreneurship and Agro-Industry and to launch a programme to facilitateForward and Backward linkages with multiple value chain of manufacturing and service delivery will also be put in place and to initiate nationwideDistrict level Incubation and Accelerator Programme to be taken up for incubation of new ideas and providing necessary support for accelerating entrepreneurship."

The main objectives of the scheme are to:

(i)    Create new jobs and reduce unemployment,
(ii)    Promote entrepreneurship culture in India,
(iii)    Grassroots economic development at district level,
(iv)    Facilitate innovative business solution for unmet social needs, and
(v)    Promote innovation to further strengthen the competitiveness of MSME sector.  

The Funds allocated will be dedicated to the following uses:

(i)    Automation of agricultural practices and activities related thereto,
(ii)    Value addition to agriculture and forest produce,
(iii)    Recycling of agricultural pre/post-harvest wastages, off farm but farm linked, animal husbandry etc.,
(iv)    Business models for aggregation and value addition relevant for rural areas,
(v)    Business models for creation of local employment in rural areas, and
(vi)    Business models for social impact.

Ministry of Micro, Small, Medium Enterprises (MSME) seeks entries for proposing an innovative name for an upcoming scheme of the Ministry. The scheme would deal with steps/ measures to ‘Promote Innovation, Entrepreneurship and Agro-Industry’ in the MSME sector of the country.

The last date for submission is 15th December, 2014.

The winner of the best name would be awarded a sum of Rs 10000/-.

Please click here for more information on Terms and Conditions, Technical Parameters and Evaluation Criteria.

Samar Nanda
Ministry of Micro, Small and Medium Enterprises,
E-Mail ID: samar.nanda@nic.in