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    Question

    Consider the following statements regarding Atal Incubation Centre (AIC):

    I. It is an initiative of the Atal Innovation Mission (AIM), NITI Aayog.

    II. It is aimed at creating a supportive ecosystem for start-ups and entrepreneurs in India.

    III. Each AIC is supported with a grant of up to INR 10 crores over a period of 5 years.

    Which of the above statements is/are correct?

    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D Both I and II Correct Answer Incorrect Answer
    E Both II and III Correct Answer Incorrect Answer

    Solution

    Atal Incubation Centre (AIC) is an initiative of the Atal Innovation Mission (AIM), NITI Aayog to foster innovation and entrepreneurial spirit while creating a supportive ecosystem for start-ups and entrepreneurs in India. Each AIC is supported with a grant of up to INR 10 crores over a period of 5 years. Since 2016, AIM has established 68 Atal Incubation Centres across 18 states and 3 UTs which have supported more than 2700 startups.

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