.png "Sagarmala Finance Corporation Limited (SMFCL) has started lending operations")
- It is India’s first maritime-focused Non-Banking Financial Company (NBFC) under the Ministry of Ports, Shipping & Waterways (MoPSW).
- In its maiden tranche, loans worth ₹4,300 crore were sanctioned.
- Beneficiaries: ₹4,000 crore for a Greenfield Port project, ₹150 crore for Dredging Corporation of India (DCI), and ₹110 crore for Goa Shipyard Limited (GSL).
- SMFCL has set a lending target of ₹8,000 crore for FY 2025–26.
- Borrowing limit approved up to ₹25,000 crore to support port-led development under the Sagarmala Programme.
- Aim: bridge maritime finance gaps, boost shipbuilding, dredging, MSMEs (Micro, Small & Medium Enterprises), and startups.
Question:
Q.1 Sagarmala Finance Corporation Limited (SMFCL), which began operations on 30th December 2025, is a specialized institution under which ministry?a) Ministry of Finance
b) Ministry of Commerce and Industry
c) Ministry of Ports, Shipping & Waterways (MoPSW)
d) Ministry of Micro, Small & Medium Enterprises (MSME)
Answer: c) SMFCL is India’s first maritime-focused Non-Banking Financial Company (NBFC) under the Ministry of Ports, Shipping & Waterways (MoPSW).
