Sagarmala Finance Corporation Limited (SMFCL), formerly known as Sagarmala Development Company Limited, is set to raise Rs 8,000 crore in the current financial year to bolster India's maritime sector. This financing endeavor involves collaborations with banks, financial institutions, and bond issuances, aiming to enhance maritime capabilities across the nation.

Registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India on June 19, 2025, SMFCL emerges as India's first sector-specific NBFC dedicated to maritime activities. The corporation, falling under the Ministry of Ports, Shipping, and Waterways, has approved a borrowing limit of Rs 25,000 crore to support its financial objectives.

SMFCL's strategic plan focuses on addressing financial disparities in the mariti

See Full Page