Page 7 - MSME August 2016
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Focus on Innovation Special Article Stout Architecture for innovations spur its proliferation, Start-ups hinge like umbilical chord – Neeraj Bajpai I f you always do what you always did, you will major fillip and large role in industrialization, a raft Determined to provide such innovations a always get what you always got- Albert Einstein. The Legendary Scientist known for his of initiatives have been taken by the governments at the centre and states. According to industry innovations and time tested researches had minced sources, such innovations spur economic growth no words to assert that If at First, idea is not absurd, at the grass root levels and if such latent talents then there is no hope for it. are tapped, Micro, small and Medium enterprises (MSME) units would be the biggest beneficiaries Fired by such thought process ,In vast and by harnessing potential of such enterprises in their populous India, scores of people innovate to shoe string budgets. beat constraints ailing them in trying economic situations. Their street smart innovations help The Narendra Modi Government a few address daily problems--beating outages, tapping months back gave its approval for establishment of renewable energy,“jugad” technologies filled daily Atal Innovation Mission (AIM) and Self Employment and Talent Utilisation (SETU) in NITI Aayog. use appliances. Establishment of AIM and AIM Directorate would result in implementation of Mission activities in a focused would be a focal point for innovation and entrepreneurship. The Mission is 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. With a view to giving substantial boost to the Illustration by: Neeraj Bajpai innovation ecosystem and to catalyse the entrepreneurial spirit,Finance Minister in August, 2016 his Budget Speech 2015- 5
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