**Executive Summary**
The Ministry of Ports, Shipping & Waterways (MoPSW) has notified operational guidelines for the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS) to boost India's shipbuilding capacity. SBFAS has a corpus of ₹24,736 crore and SbDS has a budgetary outlay of ₹19,989 crore. Both schemes are valid until March 31, 2036, with a potential extension to 2047.
**Key Points / Main Content**
* **Schemes Overview:**
* **SBFAS and SbDS:** Aimed at strengthening domestic shipbuilding and global competitiveness with a transparent and accountable framework.
* **Financial Outlay:** ₹44,700 crore total investment.
* **Shipbuilding Financial Assistance Scheme (SBFAS):**
* **Financial Assistance:** 15% to 25% per vessel based on category.
* **Graded Support:** For small, normal, large normal, and specialised vessels, with stage-wise disbursements.
* **Milestones:** Linked to defined milestones and secured by instruments.
* **Incentives:** Included for series orders.
* **National Shipbuilding Mission:** To ensure coordinated planning and execution.
* **Shipbreaking Credit Note:** 40% credit of scrap value for ship owners scrapping vessels at Indian yards.
* **Independent Assessment:** Mandatory valuation and milestone-based assessments for governance and fund use.
* **Expected Impact:** Support ₹96,000 crore shipbuilding projects and stimulate domestic manufacturing.
* **Shipbuilding Development Scheme (SbDS):**
* **Focus:** Long-term capacity and capability creation.
* **Development:** Greenfield shipbuilding clusters, expansion/modernization of brownfield shipyards.
* **Capital Support (Greenfield):** 100% for common maritime and internal infrastructure via a 50:50 Centre-State special purpose vehicle.
* **Capital Assistance (Brownfield):** 25% for critical infrastructure upgrades.
* **Disbursements:** Milestone-based and monitored by evaluation agencies.
* **Credit Risk Coverage Framework:** Government-backed insurance for pre/post-shipment and vendor-default risks.
* **India Ship Technology Centre:** Establishment to support research, design, innovation, and skills development.
* **Projected Impact:** India's commercial shipbuilding capacity to rise to 4.5 million gross tonnage per annum by 2047.
* **Validity and Objectives:**
* **Validity:** Both schemes valid until March 31, 2036, extension to 2047 envisaged.
* **Objectives:** Employment generation, indigenous technology development, and strengthened maritime security and economic resilience.
* **Guidelines:** Approved and published on the Ministry's official website: https://shipmin.gov.in.
**Impact Analysis**
**Shipbuilders:**
* **Impact:** Benefit from financial assistance, capital support, and a credit risk coverage framework, promoting expansion and modernization.
* **Action Required:** Review guidelines and apply for relevant schemes.
**Ship Owners:**
* **Impact:** Can benefit from the Shipbreaking Credit Note by scrapping vessels at Indian yards, receiving a credit equivalent to 40% of the scrap value.
* **Action Required:** Evaluate participation in the shipbreaking credit note program when constructing a new ship.
**Maritime Sector Workforce:**
* **Impact:** Increased employment opportunities and access to skills development through the India Ship Technology Centre.
* **Action Required:** Seek training and employment opportunities in the expanding shipbuilding sector.
**Central and State Governments:**
* **Impact:** Shared responsibility for supporting greenfield shipbuilding clusters through the 50:50 Centre-State special purpose vehicle under SbDS.
* **Action Required:** Collaborate on the development and implementation of SbDS, specifically regarding greenfield shipbuilding clusters.
Key Entities Referenced
Ministry of Ports, Shipping & Waterways (MoPSW): The primary ministry responsible for the implementation and oversight of the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS).
Shipbuilding Financial Assistance Scheme (SBFAS): A key scheme aimed at strengthening India's domestic shipbuilding capacity, offering financial assistance to shipbuilders with a corpus of ₹24,736 crore.
Shipbuilding Development Scheme (SbDS): A scheme focused on long-term capacity and capability creation in the shipbuilding sector, with a budgetary outlay of ₹19,989 crore, emphasizing greenfield shipbuilding clusters and modernization.
India: The country where the schemes are being implemented to boost shipbuilding capacity and self-reliance.
Sarbananda Sonowal: The Union Minister of Ports, Shipping & Waterways who provided comments on the schemes.
Ministry of Ports, Shipping and Waterways
Govt Notifies Guidelines for Shipbuilding
Assistance, Development Schemes; ₹44,700 Crs
Outlay to Boost India’s Shipbuilding Capacity
“By strengthening shipbuilding and maritime capabilities, PM
Narendra Modi ji has ensured that India’s growth is anchored
in self-reliance:” Sarbananda Sonowal
प्रव तथ: 27 DEC 2025 8:06PM by PIB Delhi
New Delhi, December 27, 2025: The Ministry of Ports, Shipping & Waterways (MoPSW) notified the
operational guidelines for two major shipbuilding initiatives—the Shipbuilding Financial Assistance
Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)—aimed at strengthening India’s
domestic shipbuilding capacity and improving global competitiveness. The approved guidelines lay down
a transparent and accountable framework for implementation.
Speaking on the occasion, the Union Minister of Ports, Shipping & Waterways (MoPSW),
Sarbananda Sonowal said, “Prime Minister Narendra Modi ji’s leadership has given India’s shipbuilding
sector a decisive policy reset. These guidelines create a stable and transparent framework that will revive
domestic shipbuilding, boosting forward and backward linkage amping ‘Make in India’ initiative, enable
large-scale investment and build world-class capacity, positioning India as a major maritime nation on the
path to Viksit Bharat and Aatmanirbhar Bharat.”
Under SBFAS, which has a total corpus of ₹24,736 crore, the government will provide financial
assistance ranging from 15% to 25% per vessel, depending on the vessel category. The scheme introduces
graded support for small normal, large normal and specialised vessels, with stage-wise disbursement
linked to defined milestones and backed by security instruments. Incentives for series orders are also
included.
The scheme provides for the establishment of a National Shipbuilding Mission to ensure coordinated
planning and execution of shipbuilding initiatives. It also introduces a Shipbreaking Credit Note, under
which ship owners scrapping vessels at Indian yards will receive a credit equivalent to 40% of the scrap
value, linking ship recycling with new ship construction and supporting a circular economy approach.
Independent valuation and milestone-based assessments have been made mandatory to strengthen
governance and ensure efficient use of public funds.
Over the next decade, SBFAS is expected to support shipbuilding projects worth about ₹96,000 crore,
stimulate domestic manufacturing and generate employment across the maritime value chain.
The Shipbuilding Development Scheme (SbDS), with a budgetary outlay of ₹19,989 crore, focuses on
long-term capacity and capability creation. The scheme provides for the development of greenfield
shipbuilding clusters, expansion and modernisation of existing brownfield shipyards, and theestablishment of an India Ship Technology Centre under the Indian Maritime University to support
research, design, innovation and skills development.
Under SbDS, greenfield shipbuilding clusters will receive 100% capital support for common maritime and
internal infrastructure through a 50:50 Centre–State special purpose vehicle, while existing shipyards will
be eligible for 25% capital assistance for brownfield expansion of critical infrastructure such as dry docks,
shiplifts, fabrication facilities and automation systems. Disbursements will be milestone-based and
monitored by independent evaluation agencies.
The scheme also includes a Credit Risk Coverage Framework, offering government-backed insurance for
pre-shipment, post-shipment and vendor-default risks to improve project bankability and financial
resilience.
With the creation of modern infrastructure and a skilled workforce, India’s commercial shipbuilding
capacity is projected to rise to about 4.5 million gross tonnage per annum by 2047, according to the
ministry.
Adding further, Sarbananda Sonowal said, “Viksit Bharat is about reclaiming India’s industrial
confidence. By strengthening shipbuilding and maritime capabilities, PM Narendra Modi ji has ensured
that India’s growth is anchored in self-reliance, skill and global competitiveness—true to the spirit of
Atmanirbhar Bharat.”
Both SBFAS and SbDS will remain valid until March 31, 2036, with an in-principle extension envisaged
up to 2047. Together, the schemes are expected to generate employment, promote indigenous technology
development and strengthen India’s maritime security and economic resilience.
The guidelines have been formally approved and published on the Ministry’s official website, https://ship
min.gov.in, to enable structured and transparent implementation of the schemes.
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PN/IY
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