Ans : The main objective of the scheme is to promote & support untapped creativity of individual and to promote adoption of latest technologies in manufacturing as well as knowledge based innovative MSMEs.

Ans : Any person as individual or MSME, having the innovative ideas are eligible to avail the benefits of this scheme.The person should have innovative sort of idea which can be converted into prototype and further in business activity.The person is being called Incubatee.

Ans: There is no qualification bar to become incubatee. However, MSME should have valid UdyogAadhar Memorandum (UAM) and individual should have Aadhar card number.

Ans: The person (incubatee) should get attach with any Host Institute (HI) for nurturing of his idea in Business incubator (BI) being set up by HI.

Ans: Host Institute(HI) : Institute which set up Business Incubator and provides the infrastructural and technical facilities for nurturing of new innovative ideas is called Host Institutes (HI).
Business Incubator(BI): A specific place/workshop located in HI having facilities for nurturing of idea of Incubateeis called Business Incubator.

Ans: Institutions such as Technical colleges, universities, other professional colleges/institutes, R&D institutes, NGOs involved in relevant activities, EDCs of O/o DC (MSME), MSME-DIs/Technology Centers (TCs), DICs or any institute/organization of Central/State Govt. may apply for HI and set up a Business Incubator (BI).

Ans: Host Institutes will set up Business Incubator (BI) and provides the space, equipments, lab and all the auxiliary support to the incubatee for nurture of his ideas for the business activities.

Ans: Eligible institutes can apply through online MIS only and submit details alongwith supporting documents. Details of documents and procedure to apply is given in guiding manuals available in MIS itself.

Ans : Incubatees and eligible institutes of all states/UTs can take benefit of the scheme.However,Institutes in the North East Region will be given priority for supporting BIs.

Ans:

• Financial support uptoRs. 15.00 lakh to HI for nurturing of an idea. This support will be given in two instatements of 70 % and 30 % .
• Financial support uptoRs. 1.00 cr. to HI for procurement of plant and machinery for BI to strengthen their technology related R & D activities.This support will be given in two installments of 50% each
• Financial support uptoRs. 1.00 cr to HI as Seed fund for converting deserving ideas into start-ups

Ans: The person (incubatee) should get attach with any Host Institute (HI) for nurturing of his idea in Business incubator (BI) being set up by HI.

Ans: Yes, HIs of previous Incubation scheme need to apply fresh to become HIs in new scheme as the benefits and MOU terms and conditions of new scheme have been modified.

Ans: Financial support for all activities will be given to HI only and no funds can be transferred to incubatee’s account.

Ans: Incubatee can get support from BI on all issues related to technology,innovation,mentor, plant & machinery required for nurturing of idea.

Ans: If any facilities of plant & machinery which are essential for nurturing of idea and same are not available in HI/BI , then incubate can utilize the facilities of machines available in other places . Incubatee can utilize these facilities on pay as usage basis through HI/BI only.

Ans: Expenditure can be incurred on items essential for nurturing of idea like using plant& machinery , raw material , testing charges, marketing support, charges towards mentoring etc. However, all such components should be mentioned in the proposals which needs approval of competent authority.

Ans: Project Monitoring and Advisory Committee(PMAC)headed by DC(MSME) is the final authority for approving proposal as per guidelines of scheme

Ans: HI will submit its proposals for approval as HI,idea, seeking assistance for capital grant and Seed etc. through online MIS which will be examined initially by Implementing Agency(IA) in 15 days. After its initial scrutiny, IA will recommend it to National Monitoring and Implementation Unit (NMIU) .A committee at NMIU will further examine and recommend eligible proposals to O/o DC (MSME) for final approval of PMAC.

Ans: A National Monitoring and Implementation Unit (NMIU) shall be setup in the O/o DC(MSME) to take care of facilitation, implementation and monitoring of the scheme involving Implementing Agencies as per directions of PMAC.

Ans : Implementing Agencies (IAs) shall be at MSME DIs / TCs / Govt. of India/ State Government and its organizations.

Ans : Yes, status of application/proposal can be seen on MIS and outcome of proposals will be communicated to applicant through online MIS.

Ans: Detailed guidelines of scheme are available at Click here.. .

Ans: Click here..

Ans: The scheme is valid till March 2020.