Maritime India Foundation formalises agreements with IITs and IMU
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Government scheme — a structured programme with defined beneficiaries, budget allocation, and delivery mechanisms. The primary instrument for delivering welfare and development outcomes.
Summary
With the formalisation of the MoUs, the Sagarmala Startup Innovation Initiative program now advances into its execution phase, where the MIHs will onboard, engage, and mentor 36 startups
Key Facts
Type Scheme
Source BusinessLine - Economy
Published Wednesday, 6 May 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
Education budget: Rs 1.25 lakh crore (2025-26)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right