Atal Innovation Mission Launches Aatmanirbhar Bharat ARISE-ANIC Initiative

Atal Innovation Mission Launches Aatmanirbhar Bharat ARISE-ANIC Initiative

• Atal Innovation Mission (AIM), NITI Aayog has launched the Aatmanirbhar Bharat ARISE-Atal New India Challenges to foster innovation in Indian MSMEs and startups.
• The programme will support research-based innovations by providing funding support to MSMEs and startups up to Rs 50 lakh. 
• The programme will be driven by Atal Innovation Mission (AIM) along with Indian Space Research Organization (ISRO) and four Government Ministries– Ministry of Defence; Ministry of Food Processing Industries; Ministry of Health and Family Welfare; and Ministry of Housing and Urban Affairs.

Points to remember:

1. Limit of monetary support under the Aatmanirbhar Bharat ARISE-ANIC Initiative?- Rs 50 lakhs
2. Aatmanirbhar Bharat ARISE-ANIC Initiative has been launched for?- MSME and startups
3. Aatmanirbhar Bharat ARISE-ANIC Initiative has been launched by?- Atal Innovation Mission (AIM)

Source: PIB