Sagarmala Finance to raise ₹8,000cr for maritime development

Business Nov 22, 2025

Sagarmala Finance Corporation Limited (SMFCL) is planning to raise ₹8,000 crore this year to give India's maritime sector a real boost.
The money will come from banks, financial institutions, and bonds—a big step that just got the green light at their latest annual meeting.
SMFCL, formerly known as Sagarmala Development Company Limited, was formally registered as a Non-Banking Financial Company with the RBI on June 19, 2025.

What's the plan?

SMFCL can borrow up to ₹25,000 crore overall and wants to bridge funding gaps in ports, shipping companies, MSMEs, startups, and even maritime education.
By raising these funds now, they're aiming to help modernize India's ports and shipping scene—and support the government's vision for a stronger maritime economy.