Sagarmala Finance Corporation

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