We had previously discussed that there are hoard of government schemes for the benefit of entrepreneurs. In the other parts of this series, you can check out about the application process, eligibility etc. of such initiatives. In this sequence, herein we will deliberate upon Atal Incubation Centers and how they can help your business.
- Financial assistance of up to Rs. 10 crore is provided under it.
- The tenure of loan is for maximum 5 years.
- The purpose of loan utilization must be for initial costing of business and its operational expenditure.
- Condition: The applicant has to provide at least 10,000 sq. ft. ready-to-use space for Atal Incubation Center.
- The applicant can be an academic institution, entrepreneur, government organization, non-government organization, or investors. It can be a public enterprise, a private enterprise or a public-private enterprise.
- Once an incubation center is set up, it provides good ecosystem for small scale enterprises to set-up and flourish.
- To name a few, AMITY INNOVATION INCUBATOR, AMRITA TBI, ALEAP WE-HUB, C-CAMP, SOCIETY FOR INNOVATION AND DEVELOPMENT, 91SPRINGBOARD are already running in different parts of India.
- Gujarat, Haryana, Rajasthan and Maharashtra are four such States where most Atal Incubation Centers are situated.
