Sagarmala Finance Corporation targets cumulative disbursals of Rs 60,205 crore by fiscal 2030-31

Key facts

• Sagarmala Finance Corporation Limited (SMFCL), India's first dedicated maritime sector NBFC, targets cumulative disbursements of Rs 60,205 crore by the end of fiscal 2030-31.
• SMFCL has sanctioned Rs 11,563 crore in financing, of which Rs 5,107 crore has been disbursed as of September-end.
• Union Shipping Minister Sarbananda Sonowal inaugurated SMFCL's new office in New Delhi, highlighting its role in port-led development, shipbuilding and coastal connectivity.
• SBI Ventures Limited has been appointed Fund Manager for the Maritime Investment Fund (MIF) component of the Maritime Development Fund (MDF).
• MIF registration as an Alternative Investment Fund with SEBI is due by end of November, with a first close of Rs 5,000 crore targeted by January 2027; the Centre's contribution of up to Rs 9,800 crore is channelled through SMFCL.
• The Interest Incentivisation Fund (IIF) portal is live and has supported loans of Rs 4,500 crore, with about Rs 25 crore of interest subvention released to borrowers.