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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Establishment of Atal Innovation Mission
Mar 14, 2016

Self-Employment and Talent Utilisation in NITI Aayog

The government is in process to establish Atal Innovation Mission (AIM) and Self Employment and Talent Utilisation (SETU) in NITI Aayog with appropriate manpower.

  • Establishment of AIM and AIM Directorate would result in implementation of Mission activities in a focussed manner.

  • This would be a focal point for innovation and entrepreneurship in the country.

  • The Mission would be guided by a Mission High Level Committee (MHLC) which will take all decisions relating to approval of requisite guidelines including Grand Challenge areas, prize money and implementation of various elements of AIM and SETU.

  • NITI Aayog will hire Mission Director and other appropriate manpower.

  • The headquarters of the Mission will be in New Delhi.

Background: In the last financial year budget, the Government announced its intention to establish the Atal Innovation Mission (AIM) and a mechanism to be known as SETU in NITI with an initial sum of Rs. 500 crore and Rs. 1000 crore respectively.

NITI Aayog constituted an Expert Committee on Innovation and Entrepreneurship under the Chairmanship of Prof. Tarun Khanna, Director, South Asia Institute, Harvard University, USA to work out detailed contours of AIM and SETU.

The Committee in its report made wide ranging recommendations for the short-term (where action can be taken relatively quickly to deliver almost immediate payoffs), medium-term (that can be addressed within a 5-7 years timeframe) and long-term, which are likely to have long gestation period, but will lead to a profound transformation in the entrepreneurial fabric of the country.

The Committee also emphasized the need to establish clear systems to monitor implementation, execution, and impact.

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