Sagarmala Finance Corporation Limited (SMFCL) is described as India’s first dedicated Non Banking Financial Company in which sector?
- A.Railways
- B.Maritime
- C.Civil aviation
- D.Renewable energy
Correct answer
Explanation
The correct answer is maritime. Inaugurating the corporate office of SMFCL in New Delhi, the Union Minister of Ports, Shipping and Waterways described the company as India's first dedicated Non Banking Financial Company in the maritime sector, set up to mobilise long term finance for port-led development, shipbuilding and coastal connectivity. Options A, C and D are wrong because SMFCL's lending mandate, as set out at the inauguration, runs across ports, rail and road links to ports, inland waterways, coastal infrastructure, port-hinterland logistics, shipbuilding and ship repair. Rail and road appear only as links that serve ports, not as a sector of their own, and neither civil aviation nor renewable energy figures in its mandate. The company also oversees the release and use of Sagarmala funds and of funds for the National Maritime Heritage Complex, which again ties it to the maritime economy rather than to any other sector.
Read the full article: SMFCL, India's First Maritime NBFC, Disburses Rs 5,107 Crore
Practice Questions
How much had SMFCL disbursed as on 30 September 2026?
- A.Rs 11,563 crore
- B.Rs 60,205 crore
- C.Rs 5,107 crore
- D.Rs 9,800 crore
Show answer
As on 30 September 2026 the corporation had disbursed this amount, and more than half of what it had sanctioned was still to be drawn as the projects behind the sanctions advanced.
Read the full explanation →Who has been appointed the official Fund Manager for the Maritime Investment Fund component of the Maritime Development Fund?
- A.SBI Ventures Limited
- B.SMFCL itself
- C.The Securities and Exchange Board of India
- D.The Reserve Bank of India
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The correct answer is SBI Ventures Limited, which has been appointed the official Fund Manager for the Maritime Investment Fund component and brings professional management to the fund.
Read the full explanation →What cumulative disbursement does SMFCL aim to reach by the end of FY2031?
- A.Rs 5,000 crore
- B.Rs 4,500 crore
- C.Rs 11,563 crore
- D.Rs 60,205 crore
Show answer
The corporation looks well beyond its present book and plans to reach cumulative disbursements of that size by the end of FY2031, a build-up that depends on equity support so that it can scale in line with Reserve Bank norms and its debt-to-equity ratio.
Read the full explanation →Which campaign was noted at the FSDC meeting for refunding unclaimed financial assets to their rightful owners?
- A.Jan Dhan Se Jan Suraksha
- B.Your Money, Your Right
- C.Udgam Sampada
- D.Mera Dhan Meri Pehchan
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The Council noted the success of this campaign at the district level in returning unclaimed financial assets, and guided ministries and regulators to make further efforts for timely refunds.
Read the full explanation →The Financial Sector Cyber Security Strategy noted at the FSDC meeting was formulated by which body?
- A.An Inter-Ministerial Group of financial regulators and cyber security agencies
- B.The FSDC Sub-Committee alone
- C.A committee of the Insolvency and Bankruptcy Board of India
- D.The International Financial Services Centres Authority
Show answer
The Council took note of the strategy and expects its implementation to strengthen the resilience of the Indian financial sector, along with better protection of Critical Information Infrastructure and improved cyber security preparedness in Regional Rural Banks.
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