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, ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Emergency Credit Line Guarantee Scheme (ECLGS) 5.0
- 2 India’s First PM MITRA Park Inaugurated In Telangana’s Warangal
- 3 Withholding Tax
- 4 National Mission for Sustainable Agriculture
- 5 Hazaribagh: India’s First Pearl Farming Cluster
- 6 RBI Revises Capital Adequacy Norms for Banks
- 7 LEADS 2025 Report
- 8 Scheme for Promotion of Surface Coal/Lignite Gasification Projects
- 9 Mission for Cotton Productivity
- 10 SEHAT Mission
