[EDITOR NOTE — DELETE BEFORE PUBLISHING] Held for review: AI flagged: Check all financial figures and dates (e.g. ₹60,205 crore by 2031, ₹5,107 crore disbursed, 30 September 2026) against th
Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal inaugurated the corporate office of Sagarmala Finance Corporation Limited (SMFCL) in New Delhi, according to an official release. SMFCL is India’s first dedicated maritime non-banking financial company.
According to the Ministry, SMFCL has approved financing of ₹11,563 crore and disbursed ₹5,107 crore up to September 30, 2026. The corporation aims to reach a cumulative disbursement of ₹60,205 crore by the end of the financial year 2031, subject to equity support and RBI norms.
Additionally, the Maritime Development Fund is moving towards its first close of ₹5,000 crore, targeted for January 2027. SBI Ventures Limited has been appointed as the fund manager for its MIF component, with SEBI registration expected by November end. The Interest Incentivization Fund has also supported loans worth ₹4,500 crore, issuing about ₹25 crore in interest rebates, the release stated.
Source
Press Information Bureau, Government of India, “भारत की हली मैरीटाइम एनबीएफसी एसएमएफसीएल का विस्तार, 5,107 करोड़ रूपये वितरित, 2031 तक 60,205 करोड़ रूपये का लक्ष्य”. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
Official RBI, SEBI, Government and Defence updates as they happen.
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