%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(15).png "India's first maritime NBFC- Sagarmala Finance Corporation inaugurated")
Key Highlights:
a) Maritime
b) Renewable Energy
c) Agriculture
d) Aviation
Answer: a) SMFCL is India’s first NBFC exclusively catering to the maritime sector, providing financing for port infrastructure, MSMEs, shipbuilding, etc.
- Registered with RBI on 19 June 2025, SMFCL is a Mini Ratna, Category-I CPSE, formerly known as Sagarmala Development Company Ltd.
- It will offer sector-specific financial products—short, medium, and long-term funding—for ports, MSMEs, startups, shipbuilding, cruise tourism, and maritime education.
- Aims to bridge financing gaps and support the Maritime Amrit Kaal Vision 2047 and Viksit Bharat goals.
- The launch also featured the SAGAR SETU platform, a standardised port tariff template, and the Gateway to Green report for green hydrogen hubs.
Question:
Q.1 Sagarmala Finance Corporation Limited (SMFCL) is India's first NBFC dedicated to which sector?a) Maritime
b) Renewable Energy
c) Agriculture
d) Aviation
Answer: a) SMFCL is India’s first NBFC exclusively catering to the maritime sector, providing financing for port infrastructure, MSMEs, shipbuilding, etc.
