New Delhi, Nov 22 (IANS) Government-run Sagarmala Finance Corporation Limited (SMFCL) has approved an overall borrowing limit of Rs 25,000 crore, with Rs 8,000 crore earmarked for the current financial year (FY26), it was announced on Saturday.

To meet this requirement, the mini-ratna CPSE under the Ministry of Ports, Shipping and Waterways will mobilise funds through leading banks, financial institutions and bond issuances in accordance with its resource mobilisation plan, enabling the Corporation to commence lending operations shortly.

SMFCL convened its annual general meeting (AGM) and endorsed a forward-looking roadmap to strengthen the maritime financing ecosystem of the country.

According to the ministry, the company is currently in discussions with major financial rating agencies

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