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First Maritime NBFC
June 30 , 2025
13 hrs 0 min
21
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- The country’s first dedicated NBFC for the maritime sector has been launched recently.
- It is named Sagarmala Finance Corporation Limited (SMFCL).
- It was earlier known as Sagarmala Development Company Limited.
- SMFCL is now officially registered as a Non-Banking Financial Company (NBFC) with the
RBI.
- It has been granted Mini Ratna, Category-I, Central Public Sector Enterprise status.
- SMFCL will help fund port development, shipping, and other maritime projects.
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