With an expanded scope of work and a budget of Rs. 2,750 crore for the period ending March 31, 2028, the Union Cabinet, led by Prime Minister Shri Narendra Modi, has approved the continuation of its flagship initiative, the Atal Innovation Mission (AIM), under the auspices of NITI Aayog.
AIM 2.0 is a step toward Viksit Bharat, which seeks to deepen, improve, and broaden India’s existing thriving environment for entrepreneurship and innovation.
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The approval underscores the government’s commitment to fostering a robust innovation and entrepreneurship ecosystem in India. With India at rank 39 on the Global Innovation Index and home to world’s third-largest start-up ecosystem, the next phase of Atal Innovation Mission (AIM 2.0) is expected to further enhance India’s global competitiveness. The continuation of AIM will directly contribute to creating better jobs, innovative products, and high-impact services across sectors.
AIM 2.0 is designed to strengthen India’s innovation and entrepreneurship ecosystem in three ways: (a) by increasing input (i.e., ushering more innovators and entrepreneurs), (b) by improving the success rate or ‘throughput’ (i.e., helping more startups succeed) and (c) by improving the quality of ‘output’ (i.e., producing better jobs, products and services).
