Current Affairs · New Institutional Formations
In July 2025, Union Minister Sarbananda Sonowal inaugurated India's first maritime sector-focused Non-Banking Financial Company (NBFC). This institution aims to boost port logistics, shipbuilding, and coastal infrastructure financing. What is the name of this newly launched NBFC?
- 1Port Infrastructure Finance India Ltd
- 2National Shipping Finance Corporation
- 3Sagarmala Finance Corporation Ltd✓
- 4Maritime India Development Bank Ltd
Correct answer
Sagarmala Finance Corporation Ltd
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