{"id":52263,"date":"2025-06-28T12:00:17","date_gmt":"2025-06-28T06:30:17","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=52263"},"modified":"2025-06-28T12:47:35","modified_gmt":"2025-06-28T07:17:35","slug":"sagarmala-finance-corporation-limited","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/sagarmala-finance-corporation-limited\/","title":{"rendered":"Sagarmala Finance Corporation Limited"},"content":{"rendered":"<h2><b>Sagarmala Finance Corporation Limited Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the Union Minister of Ports, Shipping &amp; Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL).<\/span><\/p>\n<h2><b>About Sagarmala Finance Corporation Limited<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is India\u2019s first <\/span><b>Non-Banking Financial Company<\/b><span style=\"font-weight: 400;\"> (NBFC) in the <\/span><b>maritime sector.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was formerly known as <\/span><b>Sagarmala Development Company Limited.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SMFCL \u2014a Mini Ratna, Category-I, <\/span><b>Central Public Sector Enterprise<\/b><span style=\"font-weight: 400;\">\u2014has been formally registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">As a sector-specific NBFC, SMFCL is uniquely poised to <\/span><b>bridge financing gaps<\/b><span style=\"font-weight: 400;\"> in the maritime sector and catalyse economic growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Functions: <\/b><span style=\"font-weight: 400;\">The Corporation will offer tailored financial products\u2014including <\/span><b>short, medium, and long-term funding<\/b><span style=\"font-weight: 400;\">\u2014to a diverse range of stakeholders such as port authorities, shipping companies, MSMEs, startups, and maritime educational institutions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It will also support <\/span><b>strategic sectors like shipbuilding<\/b><span style=\"font-weight: 400;\">, renewable energy, <\/span><b>cruise tourism, and maritime education<\/b><span style=\"font-weight: 400;\">, further reinforcing India\u2019s vision to emerge as a global maritime leader.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is set to provide a more focused and accessible financial ecosystem for India\u2019s <\/span><b>maritime growth,<\/b><span style=\"font-weight: 400;\"> enabling projects that contribute to sustainable development, innovation, and <\/span><b>national logistics efficiency.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SMFCL is now positioned to play a transformative role in India\u2019s maritime infrastructure development, in alignment with the Amrit Kaal Vision 2047.<\/span><\/li>\n<\/ul>\n<p><b>Source: <\/b><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2139902\" target=\"_blank\" rel=\"nofollow noopener\"><b>PIB<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sagarmala Finance Corporation Limited is India\u2019s first NBFC dedicated to the maritime sector, supporting port-led development and infrastructure projects. Read more about Sagarmala Finance Corporation Limited, Purpose, Ministry, Functions, Latest News<\/p>\n","protected":false},"author":24,"featured_media":52278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[21,1129,22,23],"class_list":{"0":"post-52263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-prelims-pointers","9":"tag-sagarmala-finance-corporation-limited","10":"tag-upsc-current-affairs","11":"tag-upsc-prelims-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/52263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=52263"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/52263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/52278"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=52263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=52263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=52263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}