Sagarmala Finance Corporation Ltd (SMFCL) announced its board approved raising up to ₹8,000 crore this fiscal year, as part of an overall ₹25,000 crore borrowing limit. The company is in talks with banks and financial institutions for these funds and may issue bonds. SMFCL plans to offer tailored loans to government and private entities in the marine sector, supporting India's growing maritime ambitions.