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Which of the following statements are correct about the ASPIRE scheme?
  1. It aims to set up technology centers and incubation centers to promote innovation in agro-industry.
  2. It provides financial incentives for large-scale industrial projects.
  3. The scheme is managed by the Ministry of Micro, Small & Medium Enterprises (MSME).
  • a)
    1 and 2
  • b)
    1 and 3
  • c)
    2 and 3
  • d)
    Only 1
  • e)
    Only 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements are correct about the ASPIRE scheme?...
Overview of the ASPIRE Scheme
The ASPIRE (A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship) scheme is a government initiative aimed at fostering innovation and entrepreneurship in the agro-industry sector.
Correct Statements About ASPIRE
- 1. It aims to set up technology centers and incubation centers to promote innovation in agro-industry.
This statement is correct as the primary goal of ASPIRE is to create an ecosystem that supports innovation through technology and incubation centers. These centers provide necessary resources and mentorship to budding entrepreneurs in the agro-industry, thereby promoting growth and innovation.
- 2. It provides financial incentives for large-scale industrial projects.
This statement is incorrect. The ASPIRE scheme specifically focuses on promoting small and medium enterprises (SMEs) rather than large-scale industrial projects. Its main objective is to support smaller businesses with innovation and entrepreneurship, not to provide incentives for larger industries.
- 3. The scheme is managed by the Ministry of Micro, Small & Medium Enterprises (MSME).
This statement is correct. The ASPIRE scheme is indeed managed by the Ministry of MSME, which aligns with its objective of promoting small and medium enterprises to foster innovation and entrepreneurship.
Conclusion
Given the evaluation of the statements, the correct answer is option 'B' (1 and 3). The ASPIRE scheme successfully focuses on promoting innovation in agro-industry through incubation and technology centers, while being administered by the Ministry of MSME.
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Community Answer
Which of the following statements are correct about the ASPIRE scheme?...
It aims to set up technology centers and incubation centers to promote innovation in agro-industry:
  • This statement is correct.
  • The ASPIRE (A Scheme for Promotion of Innovation, Rural Industries, and Entrepreneurship) scheme focuses on establishing technology and incubation centers to foster innovation and entrepreneurship in the agro-industry sector.
It provides financial incentives for large-scale industrial projects:
  • This statement is incorrect.
  • The ASPIRE scheme is not designed to provide financial incentives for large-scale industrial projects. Instead, it focuses on supporting small and medium enterprises (SMEs) and rural industries through innovation and entrepreneurship initiatives.
The scheme is managed by the Ministry of Micro, Small & Medium Enterprises (MSME):
  • This statement is correct.
  • The Ministry of Micro, Small & Medium Enterprises (MSME) is responsible for managing and implementing the ASPIRE scheme, which aims to promote innovation and entrepreneurship in the MSME sector.
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Which of the following statements are correct about the ASPIRE scheme? It aims to set up technology centers and incubation centers to promote innovation in agro-industry. It provides financial incentives for large-scale industrial projects. The scheme is managed by the Ministry of Micro, Small & Medium Enterprises (MSME).a)1 and 2b)1 and 3c)2 and 3d)Only 1e)Only 2Correct answer is option 'B'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which of the following statements are correct about the ASPIRE scheme? It aims to set up technology centers and incubation centers to promote innovation in agro-industry. It provides financial incentives for large-scale industrial projects. The scheme is managed by the Ministry of Micro, Small & Medium Enterprises (MSME).a)1 and 2b)1 and 3c)2 and 3d)Only 1e)Only 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements are correct about the ASPIRE scheme? It aims to set up technology centers and incubation centers to promote innovation in agro-industry. It provides financial incentives for large-scale industrial projects. The scheme is managed by the Ministry of Micro, Small & Medium Enterprises (MSME).a)1 and 2b)1 and 3c)2 and 3d)Only 1e)Only 2Correct answer is option 'B'. Can you explain this answer?.
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