SMFCL, India's first maritime NBFC, begins lending with ₹4,300 crore of sanctions
Sagarmala Finance Corporation Limited (SMFCL) approved loan sanctions of about ₹4,300 crore at its 51st Board Meeting on 30 December 2025, formally starting its lending operations.
Summary
Sagarmala Finance Corporation Limited (SMFCL), India's first maritime-focused Non-Banking Financial Company, began lending by approving loan sanctions of about ₹4,300 crore at its 51st Board Meeting on 30 December 2025. About ₹4,000 crore of the tranche is earmarked for a greenfield port project, while Dredging Corporation of India received ₹150 crore and Goa Shipyard ₹110 crore. SMFCL's Board had earlier approved an overall borrowing limit of ₹25,000 crore and a lending target of ₹8,000 crore for 2025-26, and the company is targeting a loan book of ₹8,000 crore in FY26.
Key facts
- Company
- Sagarmala Finance Corporation Ltd (SMFCL), India's first maritime NBFC
- Sanctions
- About ₹4,300 crore, 51st Board Meeting, 30 December 2025
- Biggest share
- About ₹4,000 crore for a greenfield port project
- Others
- Dredging Corporation of India ₹150 crore; Goa Shipyard ₹110 crore
- FY26 plan
- Borrowing limit ₹25,000 crore; lending target / loan book ₹8,000 crore
Practice MCQs 2 questions
Sagarmala Finance Corporation Limited (SMFCL) began lending at its 51st Board Meeting on 30 December 2025 by sanctioning loans of about:
Show answer
Correct answer: C — ₹4,300 crore
PIB (Ports, Shipping and Waterways): SMFCL approved loan sanctions of about ₹4,300 crore at its 51st Board Meeting on 30 December 2025. ₹8,000 crore is its FY26 lending target and ₹25,000 crore its borrowing limit.
Consider the following statements about Sagarmala Finance Corporation Limited (SMFCL): 1. SMFCL is India's first maritime-focused Non-Banking Financial Company. 2. SMFCL is targeting a loan book of ₹8,000 crore in 2025-26. 3. The largest share of its first tranche of sanctions went to Goa Shipyard. Which of the statements given above is/are correct?
Show answer
Correct answer: B — 1 and 2 only
PIB: SMFCL is India's first maritime-focused NBFC and targets an ₹8,000 crore loan book in FY26. About ₹4,000 crore of the ₹4,300 crore went to a greenfield port project; Goa Shipyard got ₹110 crore, so statement 3 is wrong.