New Delhi: The central government has planned a reward scheme, in order to
encourage youth, under which anyone coming out with an innovative business idea
can receive financial assistance of Rs. 3 to Rs. 13 lakh from the side of government.
The MSME Ministry has proposed Rs. 200
crore fund for the purpose. The plan is to create 20,000 fresh start-ups. There
is a plan to train one lakh youth, each year, under the programme.
As per media sources, 120 Rapid Incubation Centres will be created across the
country in order to make the programme work.
Around 800 people will be trained in each centre amounting to 2.88 lakh people
in three years.
Additionally, 20,000 businessmen will be provided with funds under MNREGA.
Even private individuals can create an incubation centre other than state and
central government. The centre will issue 50 per cent amount – a maximum of Rs. 50 lakh.
The department is planning to reward 300 start-up ideas.