Sagarmala Finance Corporation Limited (SMFCL), India's first maritime-focused NBFC, has begun lending operations, approving approximately Rs 4,300 crore in loans. These sanctions, part of a strategy to build an Rs 8,000 crore loan book in FY 2025-26, include Rs 4,000 crore for a Greenfield Port Project, Rs 150 crore for Dredging Corporation of India, and Rs 110 crore for Goa Shipyard. The corporation aims to strengthen maritime infrastructure and the blue economy, with a Rs 25,000 crore borrowing limit.