- Sagarmala Financing Corporation Limited (SMFCL), India’s first specialized maritime Non-Banking Financial Company (NBFC), has scaled up its operations with cumulative disbursements reaching Rs 5,107 crores. - SMFCL aims to expand its asset portfolio to Rs 60,205 crores by 2031 to support port-led development and maritime infrastructure. - The institution addresses long-term financing gaps in the maritime sector, including ship building, ship repair, inland waterways, coastal shipping, and green port initiatives. - Aligns with India's broader strategic goals under Maritime India Vision 2030 and Atmanirbhar Bharat in shipping and logistics. - **Sagarmala Financing Corporation Limited (SMFCL):** India's first dedicated maritime Non-Banking Financial Company (formerly Sagarmala Development Company Limited), established under the Ministry of Ports, Shipping and Waterways to fund strategic port-led infrastructure and green shipping. - **Sagarmala Programme:** A flagship national initiative by the Ministry of Ports, Shipping and Waterways aimed at port-led development, modernizing infrastructure, and enhancing coastal connectivity across India's coastline. - **Maritime India Vision 2030:** A comprehensive 10-year strategic blueprint released by the Ministry of Ports, Shipping and Waterways to elevate India's global maritime standing, enhance capacity, and promote green shipping. - **Sagarmala Development Company Limited (SDCL):** Originally incorporated in 2016 to fund maritime and port-led projects under the Sagarmala programme, it has since been transitioned into Sagarmala Financing Corporation Limited (SMFCL). **Introduction** India's first specialized maritime NBFC, Sagarmala Financing Corporation Limited (SMFCL), has achieved a cumulative disbursement of Rs 5,107 crores, targeting a massive expansion to Rs 60,205 crores by 2031 to fund critical maritime infrastructure, port-led development, and green shipping initiatives under the Sagarmala programme. **Core Issue and Detailed Points** - Sagarmala Financing Corporation Limited (SMFCL), India’s first specialized maritime Non-Banking Financial Company (NBFC), has scaled up its operations with cumulative disbursements reaching Rs 5,107 crores. - SMFCL aims to expand its asset portfolio to Rs 60,205 crores by 2031 to support port-led development and maritime infrastructure. - The institution addresses long-term financing gaps in the maritime sector, including ship building, ship repair, inland waterways, coastal shipping, and green port initiatives. - Aligns with India's broader strategic goals under Maritime India Vision 2030 and Atmanirbhar Bharat in shipping and logistics. **Key Statutory Bodies, Acts & Concepts** - **Sagarmala Financing Corporation Limited (SMFCL):** India's first dedicated maritime Non-Banking Financial Company (formerly Sagarmala Development Company Limited), established under the Ministry of Ports, Shipping and Waterways to fund strategic port-led infrastructure and green shipping. - **Sagarmala Programme:** A flagship national initiative by the Ministry of Ports, Shipping and Waterways aimed at port-led development, modernizing infrastructure, and enhancing coastal connectivity across India's coastline. - **Maritime India Vision 2030:** A comprehensive 10-year strategic blueprint released by the Ministry of Ports, Shipping and Waterways to elevate India's global maritime standing, enhance capacity, and promote green shipping. - **Sagarmala Development Company Limited (SDCL):** Originally incorporated in 2016 to fund maritime and port-led projects under the Sagarmala programme, it has since been transitioned into Sagarmala Financing Corporation Limited (SMFCL).