Sagarmala Finance Corporation Ltd (SMFCL), a maritime-focused NBFC, has approved approximately Rs 4,300 crore in loans, marking its entry into maritime lending. The funds 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 to boost shipbuilding and dredging capabilities. SMFCL aims to bridge financing gaps in the maritime sector and targets a loan book of Rs 8,000 crore in 2025-26.