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SMFCL has approved a Rs.25,000 crore capital mobilisation plan
Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the MoPSW has approved a Rs.25,000 crore capital mobilisation plan, with Rs.8,000 crore earmarked for the current financial year. Funds will be raised through leading banks, financial institutions and bond issuances as part of its resource mobilisation strategy.
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New Delhi: Sagarmala Finance Corporation Limited (SMFCL), a Mini-Ratna CPSE under the MoPSW has approved a Rs.25,000 crore capital mobilisation plan, with Rs.8,000 crore earmarked for the current financial year. Funds will be raised through leading banks, financial institutions and bond issuances as part of its resource mobilisation strategy.
Under its comprehensive maritime financing framework, SMFCL will support projects across the entire maritime value chain like ports, connectivity, port-led industrialisation, coastal shipping, inland waterways and vessel financing. The Corporation will also play a crucial role in boosting India’s shipbuilding ecosystem.