Sagarmala Finance Corporation Ltd (SMFCL) sanctions Rs 4,300 cr loans to enter maritime financing.

Exam-focused facts from the 4 January 2026 current affairs briefing.

Key facts

SMFCL board approves loans of Rs 4,300 crore for disbursement in the current fiscal.
SMFCL targets a loan book size of Rs 8,000 crore by FY 2025-26.
SMFCL is India’s first maritime sector-specific NBFC registered with RBI.
Ministry of Ports, Shipping and Waterways designates SMFCL as nodal agency for Rs 25,000 crore Maritime Development Fund.
Maritime Development Fund comprises Rs 20,000 crore Maritime Investment Fund and Rs 5,000 crore Interest Incentivization Fund.
SMFCL will channelise the Rs 5,000 crore Interest Incentivization Fund.
Notification of Rs 44,700 crore Shipbuilding Financing Assistance Scheme guidelines to open new investment avenues for SMFCL.
SMFCL will offer tailored short-term, medium-term, long-term loans and non-fund-based products to government and private maritime entities.