The Union Cabinet on Friday approved continuation of the Atal Innovation Mission (AIM) till March 2023, according to an official statement. A total budget expenditure of more than Rs 2000 crore has been allocated for 2022-23.
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 mission has been set up under the NITI Aayog, in accordance with the finance minister’s declaration in the 2015 Budget speech.