Budget 2019: 80 business incubators, 20 technology incubators to be set up in 2019-20

In 2019-20, under Government’s flagship rural entrepreneurship focused ASPIRE Scheme ( A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship), 80 livelihood business incubators and 20 technology business incubators will be set up to produce 75,000 skilled entrepreneurs in agro-rural industries, announced the Finance Minister Nirmala Sitharaman while presenting the Union Budget 2019 in the Lok Sabha today.

In coming times, Government is to focus on transforming anandata (food cultivator) into urjadata (power generator), she said, adding that there is a need to replicate Zero Budget Farming, and a need to go back to basics in farming which will help Indian farmers actualise doubling of their income.

She said, 100 new clusters will be set up in 2019-20 under Scheme of Fund for Regeneration of Traditional Industries (SFURTI) and 50,000 artisans are to join the formal agro-rural industries, for which plans are also to give a big bush to enhance the technology in all such agro-based industries.

Reiterating NDA-II commitment towards agri-sector, she said the government will create infrastructure for cattle feed management, milk procurement to make it easier for private players to provide to farmers.

“Government will invest comprehensively in agri infrastructure, and will support the private partnership in driving value additions for enhancing farmers’ produces from the field in sectors such as bamboo, timber and jute etc,” she said.

Source: Link

Media: Link

Leave a Comment