The Central Government has approved the continuation of Atal Innovation Mission (AIM).
Till 2019-20, the expenditure of AIM is around Rs 1,000 crore majority of which is used in expanding the Atal Tinkering Labs to 10,000 schools in view of their huge success at school level.
The Atal Innovation Mission has undertaken many bold and forward-looking initiatives such as Alal Tinkering Labs (ATL) and Atal Incubation Centres (AIC), which have received great traction.
State of the art Atal Tinkering Labs (ATLs) have been established in thousands of schools across the country to promote innovation and creativity among students. On similar lines to promote innovation in universities and industry, world class Atal Incubation Centres (AIC) and Atal Community Innovation Centers (ACIC) are being established under AIM.
Each ATL receives a grant in aid of Rs 12 lakhs in the first year, and up to 2 lakhs per year for subsequent 4 years, for maintenance of the ATL equipment and operational expenses.
Each selected AIC would be receiving grant in aid up to Rs 10 crore over 3-5 years in tranches per year, based on review and evidence of planned milestones reached.
Atal New India Challenges (ANICs) under AIM has supported promotion of product development in areas of national relevance and social importance.