India, July 28 -- The Government of India has issued a release:
Shipbuilding Financial Assistance Scheme (SBFAS), is an extension of Shipbuilding Financial Assistance Policy (SBFAP), with an outlay of Rs. 24,736 crore to address cost disadvantages faced by Indian shipyards vis-a-vis global shipyards.
Maritime Development Fund (MDF), with a corpus of Rs. 25,000 crore, has been established for providing long term financing support to shipbuilding and maritime sector comprising of Maritime Investment Fund (MIF) of Rs. 20,000 crore and Interest Incentivisation Fund (IIF) of Rs. 5,000 crore.
The scheme guidelines to operationalize SBFAS have been issued on 26.12.2025 and in-principle approvals for shipbuilding financial support are given in a...