India unveils 1st maritime sector NBFC
India just launched its first-ever maritime-focused finance company, Sagarmala Finance Corporation Limited (SMFCL).
Set up by the government and registered by RBI in June 2025, SMFCL is here to help fund everything from ports and shipping companies to MSMEs, startups, and even maritime education.
It's all part of India's big plan to become a global leader on the seas.
SMFCL starts off with ₹680 crore in capital
SMFCL starts off with ₹680 crore in capital but aims to raise up to ₹3,400 crore more. It can team up with other banks for bigger loans too.
The company offers flexible funding—short-term or long-term—for port authorities, shipping firms, small businesses, startups, and colleges focused on maritime studies.
SMFCL will also support shipbuilding projects, renewable energy at sea
It's not just about ships or ports. SMFCL will also support shipbuilding projects, renewable energy at sea, cruise tourism, and skill-building for young people in the industry.
The goal? Faster infrastructure growth and smarter logistics—all while keeping things sustainable for India's future as a maritime powerhouse.