Sagarmala Finance Corp aims for Rs 60,205 cr disbursal by 2031
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sagarmala Finance Corporation Limited aims for Rs 60,205 crore in cumulative disbursements by 2031.
- ✓The company has sanctioned Rs 11,563 crore, with Rs 5,107 crore disbursed as of September-end.
- ✓Union Shipping Minister Sarbananda Sonowal said SMFCL is "playing a pivotal role in mobilising long-term finance for port-led development, enhancing shipbuilding and coastal connectivity."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Sagarmala Finance Corporation Limited has announced a cumulative disbursement target of Rs 60,205 crore by 2031. The financing has reached Rs 11,563 crore, with Rs 5,107 crore disbursed so far. Union Shipping Minister Sarbananda Sonowal emphasized SMFCL's role in supporting port-led development and shipbuilding initiatives. The Maritime Investment Fund aims to strengthen long-term financing for maritime projects nationwide.
Sagarmala Finance Corporation Limited (SMFCL) aims for cumulative disbursements of Rs 60,205 crore by fiscal 2030-31-end, an official statement said Friday. India's first dedicated Non Banking Financial Company (NBFC) in the maritime sector has sanctioned Rs 11,563 crore financing of which Rs 5,107 crore has been disbursed as on September-end.
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Economic Times
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