Categories Finance/Money

Sarbananda Sonowal inaugurates Sagarmala Finance Corporation Limited, India’s first maritime non-banking financial company

Union Minister Sarbananda Sonowal inaugurated Sagarmala Finance Corporation Limited (SMFCL), India’s first maritime sector NBFC. Registered with the RBI, SMFCL aims to bridge financing gaps and offer sector-specific solutions to empower ports, MSMEs, and institutions. This initiative aligns with the Maritime Amrit Kaal Vision 2047, fostering India’s growth as a global maritime power.

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