SMFCL to Raise Rs 8,000 Crore to Boost India's Maritime Sector

Sagarmala Finance Corporation Limited (SMFCL), India's first maritime-specific NBFC, plans to raise Rs 8,000 crore this fiscal year. This initiative aims to enhance the nation's maritime capabilities. The corporation, affiliated with the Ministry of Ports, aims to bridge financial gaps and support maritime investments.

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 maritime sector by providing sector-specific financial products. These initiatives target port authorities, shipping companies, MSMEs, startups, and maritime educational institutions, propelling growth and investment in the industry.

(With inputs from agencies.)