Minister of Railways and Minister of Agriculture and Farmers’ Welfare - as ex-officio Members,
      Minister of Road Transport and Highways, Minister of Social Justice and Empowerment and
      Minister of Textile as Special Invitees and also by Minister of HRD, Minister of State (I/C),
      Planning, Vice Chairman, NITI Aayog, permanent Members of NITI Aayog, CEO, NITI Aayog
      and senior officials of Government of India. In the meeting minutes of the second meeting were
      confirmed and Action Taken Report upon the decisions taken therein was reviewed.
      Atal Innovation Mission
           The Atal Innovation Mission (AIM) is a flagship initiative of the Prime Minister, set up by
      NITI Aayog to promote innovation and entrepreneurship across the length and breadth of the
      country. AIM is also envisaged as an umbrella innovation organization that would play an
      instrumental role in alignment of innovation policies between central, state and sectoral
      innovation schemes incentivizing establishment of an ecosystem of innovation and
      entrepreneurship at various levels higher secondary schools, science, engineering and higher
      academic institutions, and SME industry / corporate levels. AIM is setting up Atal Tinkering
      Labs (ATL) in schools across all 700+ districts across the country. These ATLs are dedicated
      innovation workspaces of 1000-1500 square feet where latest technologies like 3D printers,
      robotics, internet of things (IOT), miniaturized electronics ‘do it yourself’ kits are installed using
      a grant of ₹ 20 Lakhs from the government so that students from Grade VI to Grade XII can
      tinker with these technologies and learn to create innovative solutions.
           At the university, NGO, SME and Corporate industry levels, AIM is setting up world-class
      Atal Incubators (AICs) that would trigger and enable successful growth of sustainable startups in
      every sector / state of the country. AIM is also providing scale up support to existing incubators
      for scaling up their operations. AIM is providing a grant of upto ₹ 10 crores to successful
      applicants for setting up Greenfield incubators or scaling up existing ones. The idea is that every
      one of the 110 named smart cities and the top 5-10 educational / industrial institutions of every
      state should aspire to have a world class incubator that will provide the youth / startup
      communities in the universities / industries opportunity to create new startups.
      Fourteenth Finance Commission
           Appointed every five years the Finance Commission is a constitutional body with the broad
      mandate to define centre - state federal relations. Its most important task is to recommend
      division of states’ revenues collected by the Centre of the ‘divisibility pool’ between the Centre
      and the states and the share to be allocated to each state.
           The Fourteenth Finance Commission (FCC) submitted its recommendations to the
      Government in 2014. Some of its important recommendations include the devolution of a
      significantly higher share of 42 per cent of the divisible pool to states compared with the 32 per
      cent share recommended by the 13th Finance Commission.
      Erstwhile Planning Commission
           The Planning Commission was set up in March, 1950 in pursuance of declared objectives of
      the Government to promote a rapid rise in the standard of living of the people by efficient
      exploitation of the resources of the country, increasing production and offering opportunities to
      all for employment in the service of the community. It was charged with the responsibility of