Sagarmala Finance Corporation Sets Sail with Rs 4,300 Crore Maritime Financing Initiative ...Middle East

Sagarmala Finance Corporation (SMFCL), marking its foray into maritime financing, announced on Tuesday that its board has approved a loan disbursement of Rs 4,300 crore for the ongoing fiscal year. This move positions SMFCL as a pioneering enterprise in the sector, being India's first Non-Banking Financial Company (NBFC) dedicated to maritime finances.

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