Sarbananda Sonowal launches Sagarmala Finance Corporation—India’s first maritime NBFC:

Sarbananda Sonowal launches Sagarmala Finance Corporation—India’s first maritime NBFC:

Daily Current Affairs   /   Sarbananda Sonowal launches Sagarmala Finance Corporation—India’s first maritime NBFC:

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Category : Business and economics Published on: June 30 2025

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Union Minister Sarbananda Sonowal inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first dedicated Non‑Banking Financial Company for the maritime sector. Previously known as Sagarmala Development Company Limited, SMFCL will now help finance infrastructure projects under the Sagarmala initiative, aiming to modernize ports and coastal logistics.

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