Cabinet approves extension of Atal Innovation Mission

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.

About Atal Innovation Mission

• 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.

• The AIM has focused on both infrastructure creation and institution building.