Sagarmala Finance Corporation Limited (SMFCL) has taken a significant step in maritime financing by announcing a loan disbursement of ₹4,300 crore for the current fiscal year. This initiative positions SMFCL as a trailblazer in the industry, as it is India’s first Non-Banking Financial Company (NBFC) focused solely on maritime finance.
Looking ahead, SMFCL aims to expand its loan portfolio to ₹8,000 crore by the fiscal year 2025-26. The corporation, which operates under the auspices of the Ministry of Ports, Shipping and Waterways, has been designated as the nodal agency for managing the ₹25,000 crore Maritime Development Fund. This fund includes a ₹20,000 crore Maritime Investment Fund and a ₹5,000 crore Interest Incentivization Fund.
Previously known as Sagarmala Development Company Limited, SMFCL also highlighted that the forthcoming Shipbuilding Financing Assistance Scheme, valued at ₹44,700 crore, will enhance its investment capabilities. Registered as an NBFC with the Reserve Bank of India in 2025, the organization is committed to addressing financial challenges in the maritime sector by providing a range of loan products to both public and private maritime entities.
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