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The Shipbuilding Financial Assistance Scheme (SBFAS), an extension of the Shipbuilding Financial Assistance Policy, has an outlay of ₹24,736 crore to offset Indian shipyards' cost disadvantage versus global yards; guidelines were issued on 26.12.2025.
The Maritime Development Fund (MDF), with a ₹25,000 crore corpus, comprises the Maritime Investment Fund (₹20,000 crore) and Interest Incentivisation Fund (₹5,000 crore); MDF guidelines were issued on 20.02.2026, and SBI Ventures Limited was appointed Fund Manager for the MIF on 26.05.2026.
Both schemes align with the Maritime Amrit Kaal Vision 2047 (MAKV 2047), which targets India in the top 10 shipbuilding/ship-owning nations by 2030 and top 5 by 2047.
Improve Indian shipyards' cost competitiveness against global yards
Key: ₹24,736 crore outlay; guidelines issued 26.12.2025; in-principle approvals now being given
Long-term financing for shipbuilding and the wider maritime sector
Key: ₹25,000 crore corpus (MIF ₹20,000cr + IIF ₹5,000cr); guidelines issued 20.02.2026; SBI Ventures Ltd is MIF's Fund Manager
India's long-term strategic roadmap for the maritime sector
Key: Targets top-10 shipbuilding/ship-ownership nation status by 2030, top-5 by 2047
Fund Manager for the Maritime Investment Fund (MIF)
GS Paper 3 > Economy > Infrastructure Financing
Recent — both schemes are newly operationalised in this cycle
Shipbuilding Financial Assistance Scheme — ₹24,736 crore outlay to reduce Indian shipyards' cost disadvantage
Maritime Development Fund — ₹25,000 crore long-term financing fund for shipbuilding and maritime infrastructure