Sagarmala Finance Corporation Ltd (SMFCL), India's first maritime sector NBFC, has approved loans totaling Rs 4,300 crore for the current fiscal year, marking its entry into maritime financing. The company aims to build a loan book of Rs 8,000 crore by FY 2025-26. SMFCL is also designated as the nodal agency for the Rs 25,000 crore Maritime Development Fund, which includes a Rs 20,000 crore Maritime Investment Fund and a Rs 5,000 crore Interest Incentivization Fund.