SMFCL, previously often called Sagarmala Improvement Firm Restricted, is India’s first maritime sector-specific Non-Banking Monetary Firm.
It was formally registered as an NBFC with the Reserve Financial institution of India (RBI) on June 19, 2025.
SMFCL in an announcement mentioned in a lately held annual normal assembly , the board authorised a proposal to boost Rs 8,000 crore within the present monetary yr. It additionally authorised the general borrowing restrict of Rs 25,000 crore.
“For attaining this SMFCL shall elevate the fund from numerous financial institution and monetary establishments and thru bonds in accordance with the useful resource mobilization plan and begin lending operations quickly,” it mentioned.
The company comes underneath Ministry of Ports, Transport and Waterways. It goals to bridge the monetary gaps within the maritime sector, facilitate investments, and supply sector-focused monetary merchandise to port authorities, transport firms, MSMEs, startups, and maritime instructional establishments.