Cabinet approves Atal Innovation Mission 2.0 with a budget of Rs 2,750 crore

New DelhiNew Delhi: The Union Cabinet on Monday approved the continuation of Atal Innovation Mission (AIM) with an increased scope of work and an allocated budget of Rs 2,750 crore for the period up to March 31, 2028. Under the aegis of NITI Aayog, AIM 2.0 is a step towards a developed India that aims to expand, strengthen and deepen India's already vibrant innovation and entrepreneurship ecosystem, the Cabinet chaired by Prime Minister Narendra Modi said. With India ranked 39th in the Global Innovation Index and having the world's third largest startup ecosystem, the next phase of the Atal Innovation Mission (AIM 2.0) is expected to further enhance India's global competitiveness.

“The continuation of AIM will directly contribute to the creation of better employment, innovative products and high-impact services across various sectors,” the Cabinet said in a statement. Under AIM 1.0, Atal Tinkering Labs (ATL) and Atal Incubation Centers were formed across the country. AIM 2.0 now involves piloting new initiatives designed to fill the gaps in the ecosystem and scale up successes through central and state governments, industry, academia and the community. About 2,500 new ATLs will be created for template development. It aims to boost India's innovation and entrepreneurship ecosystem by increasing inputs, improving the success rate or 'throughput' and improving the quality of 'outputs' (producing better jobs, products and services). The system has to be strengthened. The Language Inclusive Innovation Program (LIPI) program aims to build innovation and entrepreneurship ecosystems in 22 scheduled languages, to reduce the entry barrier faced by innovators, entrepreneurs and investors who do not speak English.

The Cabinet said that as part of this, thirty Vernacular Innovation Centers will be set up in existing incubators. The Frontier Program aims to create a customized template for the innovation and entrepreneurship ecosystem of Jammu and Kashmir (J&K), Ladakh, North Eastern States (NE), aspirational districts and blocks where 15 per cent of the citizens live,” the Cabinet said. There will be four programs to improve the ecosystem – DeepTech Reactor and International Innovation Collaboration Programme. Atal Regional Innovation Launchpad (ASIL) programs – aim to improve the quality of outputs (jobs, products and services).

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