Sagarmala Finance Corporation
Inauguration of India's First Maritime NBFC - Sagarmala Finance Corporation Limited
Union Minister Sarbananda Sonowal inaugurated Sagarmala Finance Corporation Limited (SMFCL), India's first Non-Banking Financial Company (NBFC) in the maritime sector, aimed at bridging financial gaps and supporting maritime infrastructure development. SMFCL will provide tailored financial solutions to various stakeholders, including ports, MSMEs, and startups, aligning with the Maritime