Friday, April 8, 2016

Cabinet nod to Atal Innovation Mission

Atal Innovation Mission and Self Employment Talent Utilization are being set up National Institution for Transforming India and will have Headquarter in New Delhi.
AIM of the Mission: An innovation Promotion Platform that involves Academics, Entrepreneurs, and Researchers possessing national and international Experiences to foster a Culture of Innovation, R&D in India.
  • Decision has been taken by Union cabinet chaired by Prime Minister Narandra Modi and the Mission would be guided by Mission High Level Committee.
  • AIM and SETU under NITI to come up with Rs 500 Crore and Rs. 1, 000 crorerespectively as stated in Budget Speech 2015- 2016 by finance minister.
  • NITI Aayog established an Export Committee on Innovation and Entrepreneurship to work out detailed forms of AIM and SETU by the chairmanship of Tarun Khanna Professor at Harvard University.
Points to Remember about NITI:
  • Chairperson: Narendra Modi
  • CEO: Amitabh Kant
  • Vice Chairperson: Arvind Panagariya

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