Sagarmala is 1st maritime NBFC

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TNN / Jun 27, 2025, 04:28 IST

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Sagarmala is 1st maritime NBFC

New Delhi: India on Thursday floated its first maritime sector Non Banking Financial Company (NBFC) Sagarmala Finance Corporation (SMFCL). Shipping minister Sarbananda Sonowal said the company will bridge crucial financing gaps and offer sector-specific financial solutions, empowering ports, startups, and institutions. TNN

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