The Union Cabinet approved continuation of Atal Innovation Mission (AIM) till March 2023.
The Cabinet, chaired by Prime Minister Narendra Modi, said, “The mission shall work on its intended target of creating an innovation culture and entrepreneurial ecosystem in the country through various programs.”
The mission aims to establish10000 Atal Tinkering Labs (ATLs), 101 Atal Incubation Centers (AICs) and 50 Atal Community Innovation Centers (ACICs). Its intended targets also include supporting 200 startups via the Atal New India Challenges.
The government will spend over Rs. 2000 crore in the process of the establishment and supporting the beneficiaries.
“With continuation approval, AIM assumes an even greater responsibility to create an inclusive innovation ecosystem, marked by innovation and entrepreneurship,” said the Cabinet.
The Atal Innovation Mission (AIM), set up under the NITI Aayog, creates and promotes an ecosystem of innovation and entrepreneurship across the country via interventions at school, university, research institutions, MSME and industry levels. Also, the mission has emphasised on infrastructure creation and institution building.
