India, Dec. 31 -- The Government of India has issued a release:
Sagarmala Finance Corporation Limited (SMFCL), India's first maritime focussed Non Banking Financial Company (NBFC), commenced its lending operations, marking a major milestone in the evolution of India's maritime finance ecosystem. The company approved loan sanctions of about Rs.4,300 crore at its 51st Board Meeting held on Dec. 30, 2025, formally entering the maritime lending space in line with the strategy approved by its Board.
The move follows an aggressive market roadmap cleared at SMFCL's Annual General Meeting (AGM), where the Board approved an overall borrowing limit of Rs.25,000 crore and a lending target of Rs.8,000 crore for the current financial year. With the la...