The Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports, Shipping and Waterways, convened its Annual General Meeting. The Board approved an overall borrowing limit of ₹25,000 crore, with ₹8,000 crore earmarked for the current financial year, to accelerate India's maritime infrastructure growth. SMFCL will mobilize funds through leading banks, financial institutions, and bond issuances. SMFCL is in discussions with major financial rating agencies and expects to secure ratings in the apex scale.
SMFCL has outlined a comprehensive financing framework to support the maritime value chain, including funding for ports, port connectivity projects, port-led industrialization, coastal community development, coastal shipping, and inland waterways, with emphasis on vessel financing. SMFCL will offer customized loan products to eligible Government and Private Sector entities, covering short-term, medium-term, and long-term financing, along with support for cash-flow mismatches and non-fund-based instruments. This was posted on November 22, 2023 at 3:26 PM by PIB Delhi. The release ID is 2192860.
Key Entities Referenced
Sagarmala Finance Corporation Limited (SMFCL): A Mini-Ratna CPSE that aims to strengthen the maritime financing ecosystem and accelerate India's maritime infrastructure growth.
Ministry of Ports, Shipping and Waterways: The ministry under which SMFCL operates.
Ministry of Ports, Shipping and Waterways
Highlights of the Annual General Meeting of
Sagarmala Finance Corporation Limited
SMFCL Approves ₹25,000 Crore Borrowing Plan to
Accelerate India’s Maritime Infrastructure Growth
Posted On: 22 NOV 2025 3:26PM by PIB Delhi
Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the Ministry of Ports,
Shipping and Waterways, convened its Annual General Meeting and endorsed a forward-looking
roadmap to strengthen the maritime financing ecosystem of the country. The Board approved an
overall borrowing limit of ₹25,000 crore, with ₹8,000 crore earmarked for the current financial year.
To meet this requirement, SMFCL will mobilise funds through leading banks, financial institutions
and bond issuances in accordance with its resource mobilisation plan, enabling the Corporation to
commence lending operations shortly.
SMFCL is currently in discussions with major financial rating agencies. With a positive sector
outlook and a robust project pipeline, the Corporation is expected to secure ratings in the apex scale,
which will further enhance investor confidence and help optimise interest costs. As part of its strategic
vision, SMFCL has outlined a comprehensive financing framework to support the entire maritime
value chain. This includes funding for ports, port connectivity projects, port-led industrialisation,
coastal community development, coastal shipping and inland waterways, with particular emphasis on
vessel financing.
The Corporation is also poised to play a pivotal role in advancing India’s shipbuilding capabilities,
contributing to the nation’s ambition of establishing a strong position in the global shipbuilding arena.
To meet diverse requirements across the sector, SMFCL will offer customised loan products to
eligible Government and Private Sector entities, covering short-term, medium-term and long-term
financing, along with support for cash-flow mismatches and non-fund-based instruments.
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