The Union Cabinet approved the continuation of the Atal Innovation Mission (AIM) until March 2023. AIM’s stated goals include developing 10,000 Atal Tinkering Labs (ATLs), 101 Atal Incubation Centres (AICs), and sponsoring 200 entrepreneurs through the Atal New India Challenges, according to the statement.
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Key Points:
According to the announcement, AIM-supported businesses have received over Rs 2,000 crores from the government and private equity investors, in addition to creating thousands of jobs. The AIM programmes, which span 34 states and union territories, are aimed at maximising India’s demographic dividend by encouraging more engagement in the innovation ecosystem.
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