Sagarmala Finance Corporation Limited (A Govt of India Enterprise under Ministry of Ports,Shipping and Waterways)
Work We Do
Sagarmala Finance Corporation Limited (SMFCL) is envisioned as a cornerstone institution in India’s maritime and waterways-led development. With more than ₹4.5 lakh crore of maritime projects progressing across the country, SMFCL has been created to provide the strategic financing backbone required to accelerate this growth. Backed by a mandate of nearly ₹70,000 crore—including grants, credit risk coverage, and long-term capital—the Corporation is uniquely structured to deliver both gap funding and leveraged financing. This allows grant resources to be rotated efficiently while long-tenor debt is channeled toward commercially viable projects that drive sectoral transformation.
To guide its operations, SMFCL has established a comprehensive Lending Policy that sets out the principles for extending financial assistance across the maritime value chain. The policy ensures compliance with RBI’s NBFC regulations and alignment with national priorities, while also enabling SMFCL to operate with financial discipline and operational flexibility. In its formative years, the Corporation will prioritize lending to government-sector borrowers to build a strong regulatory foundation—meeting CRAR, exposure norms, and other prudential requirements—before gradually expanding its portfolio to a wider set of stakeholders.
At its core, SMFCL aims to make maritime financing more accessible, efficient, and development led. The Corporation focuses on supporting infrastructure that enhances coastal connectivity, strengthens logistics efficiency, enables modern shipbuilding and vessel acquisition, and empowers coastal communities, including fisheries and allied activities. By leveraging cost-effective borrowings, SMFCL is able to offer competitive lending terms while maintaining robust asset quality and capital adequacy.
Through this integrated approach, SMFCL not only fills longstanding financing gaps in the maritime sector but also catalyses long-term investment that strengthens India’s port-led growth and blue economy ambitions.
