Sagarmala Finance Corporation Limited: India’s First Maritime NBFC

On 26th June 2025, the Union Ministry of Ports, Shipping & Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL).

About SMFCL

  • Formerly known as Sagarmala Development Company Limited, SMFCL is now positioned to play a transformative role in India’s maritime infrastructure development, in alignment with the Amrit Kaal Vision 2047.
  • SMFCL — a Mini Ratna, Category-I, Central Public Sector Enterprise — has been formally registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) as of June 19, 2025.

Mandate and Beneficiaries

  • SMFCL provides short, medium, and long-term customized financing to stakeholders such as port authorities, ....
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