INSPIRE Awards provide funding through state governments in India to promote science education and research among students aged 6 to 10 by having them submit project ideas and holding school competitions to attract young minds to study science. Eligible students can participate by submitting project proposals to their principal, who may also organize an idea competition to encourage students to come up with innovations using available sensors like IR, LDR, and limit switches or actuators like LEDs, motors, and pumps. The goal is to foster creative and innovative thinking around science and technology from a young age.