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Continuation Of Atal Innovation Mission (AIM) Till March 2023

Continuation Of Atal Innovation Mission (AIM) Till March 2023:

The Union Cabinet has approved continuation of Atal Innovation Mission (AIM), till March 2023.

  • The AIM shall work on its intended target of creating an innovation culture and entrepreneurial ecosystem in the country
  • This will be done by AIM via its various programs.
  • The intended targets that will be achieved by AIM are:
    • Establishing 10000 Atal Tinkering Labs (ATLs),
    • Establishing 101 Atal Incubation Centers (AICs),
    • Establishing 50 Atal Community Innovation Centers (ACICs) and
    • Supporting 200 startups via the Atal New India Challenges.
  • The total budgeted expenditure of 2000+ crore shall be incurred in the process of the establishment and supporting the beneficiaries.
  • The Mission has been set up under the NITI Aayog, in accordance with the Finance Minister’s declaration in the 2015 Budget Speech.
  • The objectives of the AIM are to create and promote an ecosystem of innovation and entrepreneurship across the country via interventions at school, university, research institutions, MSME and industry levels.