In December 2025, Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) focused on maritime financing, commenced its lending operations and sanctioned loans totaling approximately Rs 4,300 crore during its 51st Board Meeting.
- With this, the company has now formally entered into the maritime lending space in line with the strategy approved by its Board.
- What? SMFCL, India’s 1st Maritime NBFC started its lending operations
- Loan Sanctions: Total Rs.4,300 crore approved at 51st Board Meeting
- Key Allocations:
- Greenfield Port Project: Rs.4,000 crore
- Dredging Corporation of India (DCI): Rs.150 crore
- Goa Shipyard Limited (GSL): Rs.110 crore
- Greenfield Port Project: Rs.4,000 crore
- Dredging Corporation of India (DCI): Rs.150 crore
- Goa Shipyard Limited (GSL): Rs.110 crore
Key Allocations:
Port Development: SMFCL has allocated Rs 4,000 crore for a Greenfield Port Project, reaffirming the Government of India (GoI)’s commitment for port-led development.
Maritime Infrastructure: Dredging Corporation of India (DCI) has received Rs 150 crore, while Goa Shipyard Limited (GSL) has secured Rs 110 crore from the same loan tranche, aimed to support dredging capacity and indigenous shipbuilding capabilities of India.
Strategic Roadmap: SMFCL’s board approved a Rs.25,000 crore borrowing limit and an Rs.8,000 crore lending target for Financial Year 2025-26 (FY26) at its Annual General Meeting (AGM).
About SMFCL: Launched in June 2025, SMFCL has been appointed nodal agency for the Rs.25,000 crore Maritime Development Fund (MDF).
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