Welcome you to the Fifty second edition of DevMantra Times for the month of July 2025. The government has launched Sagarmala Finance Corporation Ltd. (SMFCL), India's first maritime sector NBFC, to address financing gaps in ports, shipbuilding, and coastal logistics under the Sagarmala Programme.
India's first maritime NBFC launched: India has launched Sagarmala Finance Corporation Limited (SMFCL), the country's first Non-Banking Financial Company (NBFC) dedicated to the maritime sector, registered with the Reserve Bank of India (RBI). SMFCL is established to bridge critical financing gaps by offering tailored financial solutions to stakeholders such as ports, maritime startups, logistics providers, and allied institutions.
