"Thanks to PM Shri Narendra Modi Ji for the visionary initiative," the Union Home Minister added.
Amit Shah. File Photo
Union Home Minister Amit Shah on Monday praised Cabinet's decision to approve Rs 2750 crore for the Atal Innovation Mission (AIM) 2.0, stating that the scheme will 'turbocharge' the innovative power of the youth. In a post on X, the Union Home Minister expressed his gratitude to Prime Minister Narendra Modi for the decision.
ADVERTISEMENT
"The Union Cabinet's decision to approve the Rs 2750 crore Atal Innovation Mission 2.0 initiative will turbocharge the innovative power of our youth by extending the culture of thinking out of the box to new regions and fields," his post on X reads. "Thanks to PM Shri Narendra Modi Ji for the visionary initiative," the Union Home Minister added.
Earlier in the day, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of its flagship initiative, the Atal Innovation Mission (AIM) under the aegis of NITI Aayog. The initiative has an enhanced scope of work and an allocated budget of Rs 2750 crore for the period until March 31, 2028. According to an official release, AIM 2.0 is a step towards a "Viksit Bharat" (Developed India) that aims to expand, strengthen, and deepen India's already vibrant innovation and entrepreneurship ecosystem.
The approval underscores the government's commitment to fostering a robust innovation and entrepreneurship ecosystem in India. With India at rank 39th on the Global Innovation Index and being home to the world's third-largest start-up ecosystem, the next phase of the Atal Innovation Mission (AIM 2.0) is expected to further elevate India's global competitiveness. The continuation of AIM will directly contribute to creating better jobs, innovative products, and high-impact services across sectors.
While building on the accomplishments of AIM 1.0, such as Atal Tinkering Labs (ATL) and Atal Incubation Centres (AIC), AIM 2.0 marks a qualitative shift in the mission's approach. Whereas AIM 1.0 involved implementing programs that built innovation infrastructure to strengthen India's then-nascent ecosystem, AIM 2.0 will pilot new initiatives designed to fill gaps in the ecosystem and scale successes through central and state governments, industry, academia, and community.
AIM 2.0 is designed to strengthen India's innovation and entrepreneurship ecosystem in three ways, including increasing input, improving the success rate, and enhancing the quality of 'output,' the release said. Additionally, the Union Cabinet has also approved "One Nation, One Subscription," a new central sector scheme for providing countrywide access to scholarly research articles and journal publications.
Information and Broadcasting Minister, who briefed the media on the cabinet decisions, explained that the scheme will be administered through a simple, user-friendly, and fully digital process. This will be a "One Nation, One Subscription" facility for the government higher education institutions and R&D laboratories of the central government.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
