• As per MoPSW, both initiatives will remain valid until March 31, 2036, with an in-principle extension envisaged up to 2047.

About Operational Guidelines for Shipbuilding Initiatives:
Guidelines for SBFAS:Under SBFAS with a budgetary allocation of Rs.24,736 crore, the Government of India (GoI) will extend financial assistance of 15%–25% per vessel, depending on the vessel category.

• The scheme offers graded support for small normal, large normal, large normal, and specialised vessels.The scheme also provides for the establishment of a National Shipbuilding Mission(NSM).
•  It also features a shipbreaking credit note which offers 40% of scrap value as credit to shipowners scrapping vessels at Indian yards.

Guidelines for SbDS:The SbDS, with a budget outlay of Rs.19,989 crore, primarily focuses on long-term capacity and capability building within the domestic shipbuilding sector.

• The scheme facilitates the development of greenfield shipbuilding clusters, modernisation of existing brownfield shipyards, and the setting up of an Indian Ship Technology Centre (ISTC) under the Indian Maritime University (IMU).
• Greenfield shipbuilding clusters under SbDS, will receive 100% capital support for common maritime and internal infrastructure through a Centre-State (50:50) Special Purpose Vehicle (SPV).
• The scheme also introduces a Credit Risk Coverage Framework which offers government-supported insurance for pre-shipment, post-shipment, and vendor-default risks to enhance project bankability and financial resilience.