Team India Hub:
The Team India Hub is one of the two hubs created within NITI Aayog for specific purposes. It was established with the aim of promoting cooperative and competitive federalism by fostering a spirit of collaboration and partnership between the central government and the states.

Objectives:
The main objectives of the Team India Hub are as follows:
1. Strengthening the coordination and convergence between the central and state governments.
2. Facilitating effective implementation of government schemes and programs at the grassroots level.
3. Promoting innovative practices and knowledge sharing among states.
4. Providing a platform for states to share their experiences, challenges, and best practices.

Functions:
The Team India Hub carries out various functions to achieve its objectives:
1. Coordinating and monitoring the implementation of centrally sponsored schemes and flagship programs.
2. Facilitating regular interactions and consultations between the central and state governments to resolve issues and challenges.
3. Organizing workshops, seminars, and conferences to promote knowledge sharing and capacity building among states.
4. Collecting and disseminating information on best practices and success stories from different states.
5. Providing technical support and guidance to states for effective implementation of government initiatives.
6. Conducting research and analysis to identify areas of improvement and innovation in governance.

Innovation Hub:
The Innovation Hub is the second hub created within NITI Aayog for specific purposes. It focuses on promoting innovation and entrepreneurship in various sectors of the economy. The hub aims to foster a culture of innovation, creativity, and risk-taking among individuals and organizations.

Objectives:
The main objectives of the Innovation Hub are as follows:
1. Encouraging and supporting innovative ideas and startups.
2. Promoting entrepreneurship and job creation.
3. Facilitating the adoption of new technologies and innovative solutions in different sectors.
4. Creating an ecosystem for research and development activities.
5. Attracting investments in innovation-driven industries.

Functions:
The Innovation Hub performs the following functions:
1. Identifying and promoting innovative ideas, products, and services through various platforms and programs.
2. Providing financial and non-financial support to startups and entrepreneurs.
3. Facilitating access to mentorship, incubation, and acceleration programs.
4. Collaborating with academic institutions, research organizations, and industry associations to foster innovation.
5. Organizing innovation challenges, hackathons, and other events to encourage participation and collaboration.
6. Creating awareness about intellectual property rights and supporting the commercialization of innovative products and technologies.

Overall, the Team India Hub and Innovation Hub within NITI Aayog play crucial roles in promoting collaboration, innovation, and development in the country.