Ministry of Ports, Shipping and Waterways press release · 14 March 2026 · pibtracker filter

SHIPBUILDING FINANCIAL ASSISTANCE POLICY

PRID2240069 MinistryMinistry of Ports, Shipping and Waterways Released14 March 2026 Reading7 min

Posted On: 14 MAR 2026 9:43AM by PIB Delhi Under the Shipbuilding Financial Assistance Policy (SBFAP), a total of 288 contracts worth ₹19,748 crore, covering 456 vessels, have received in-principle approval till date. The types of vessels covered include tugs, general cargo vessel, bulk carrier, oil tanker, crane pontoon, heavy deck cargo vessel, RO-RO pax vessel, crew boat, deck loading craft, coastal research vessel, modular pontoon, passenger catamaran, passenger cum motor cycle ferry, passenger ferry, landing craft, jack-up barge and self-elevating platform. As of now, total financial assistance amounting to ₹620.57 crore has been disbursed to 23 shipyards for the construction and delivery of 204 vessels. Additionally, Government of India in September 2025 approved the Shipbuilding Development Scheme (SBDS) having provision for credit risk coverage to Indian Shipyard and viability gap funding in the form of capital assistance to brownfield/existing Indian Shipyards towards expansion of production capacity. The guidelines for the same have been issued recently. An assessment of the shipbuilding sector through a third party was conducted in 2024. The report highlighted the shipbuilding sector’s high employment multiplier of 6.4 and a huge potential for generating both direct and indirect employment. Further, it also highlighted challenges constraining the growth of shipbuilding in India like lack of domestic demand, high cost of financing, capacity & technology limitations, etc. To address these challenges, Government of India, in September 2025, approved a shipbuilding package including Shipbuilding Financial Assistance Scheme (SBFAS), Maritime Development Fund (MDF) and Shipbuilding Development Scheme (SBDS) to enhance India’s global competitiveness in shipbuilding and maritime sector . This information was given by the Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, in a written reply to the Lok Sabha. *** MI/PN/IY (Release ID: 2240069) Visitor Counter : 2169 Read this release in: Urdu , हिन्दी , Tamil Ministry of Ports, Shipping and Waterways SHIPBUILDING FINANCIAL ASSISTANCE POLICY Posted On: 14 MAR 2026 9:43AM by PIB Delhi Under the Shipbuilding Financial Assistance Policy (SBFAP), a total of 288 contracts worth ₹19,748 crore, covering 456 vessels, have received in-principle approval till date. The types of vessels covered include tugs, general cargo vessel, bulk carrier, oil tanker, crane pontoon, heavy deck cargo vessel, RO-RO pax vessel, crew boat, deck loading craft, coastal research vessel, modular pontoon, passenger catamaran, passenger cum motor cycle ferry, passenger ferry, landing craft, jack-up barge and self-elevating platform. As of now, total financial assistance amounting to ₹620.57 crore has been disbursed to 23 shipyards for the construction and delivery of 204 vessels. Additionally, Government of India in September 2025 approved the Shipbuilding Development Scheme (SBDS) having provision for credit risk coverage to Indian Shipyard and viability gap funding in the form of capital assistance to brownfield/existing Indian Shipyards towards expansion of production capacity. The guidelines for the same have been issued recently. An assessment of the shipbuilding sector through a third party was conducted in 2024. The report highlighted the shipbuilding sector’s high employment multiplier of 6.4 and a huge potential for generating both direct and indirect employment. Further, it also highlighted challenges constraining the growth of shipbuilding in India like lack of domestic demand, high cost of financing, capacity & technology limitations, etc. To address these challenges, Government of India, in September 2025, approved a shipbuilding package including Shipbuilding Financial Assistance Scheme (SBFAS), Maritime Development Fund (MDF) and Shipbuilding Development Scheme (SBDS) to enhance India’s global competitiveness in shipbuilding and maritime sector . This information was given by the Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, in a written reply to the Lok Sabha. *** MI/PN/IY (Release ID: 2240069) Under the Shipbuilding Financial Assistance Policy (SBFAP), a total of 288  contracts worth ₹19,748 crore, covering 456 vessels, have received in-principle approval till date. The types of vessels covered include tugs, general cargo vessel, bulk  carrier, oil tanker, crane pontoon, heavy deck cargo vessel, RO-RO pax vessel, crew  boat, deck loading craft, coastal research vessel, modular pontoon, passenger  catamaran, passenger cum motor cycle ferry, passenger ferry, landing craft, jack-up  barge and self-elevating platform.    As of now, total financial assistance amounting to ₹620.57 crore has been  disbursed to 23 shipyards for the construction and delivery of 204 vessels. Additionally, Government of India in September 2025 approved the Shipbuilding  Development Scheme (SBDS) having provision for credit risk coverage to Indian  Shipyard and viability gap funding in the form of capital assistance to brownfield/existing  Indian Shipyards towards expansion of production capacity. The guidelines for the same  have been issued recently.    An assessment of the shipbuilding sector through a third party was conducted  in 2024. The report highlighted the shipbuilding sector’s high employment multiplier of 6.4  and a huge potential for generating both direct and indirect employment. Further, it also  highlighted challenges constraining the growth of shipbuilding in India like lack of  domestic demand, high cost of financing, capacity & technology limitations, etc. To  address these challenges, Government of India, in September 2025, approved a  shipbuilding package including Shipbuilding Financial Assistance Scheme (SBFAS),  Maritime Development Fund (MDF) and Shipbuilding Development Scheme (SBDS) to  enhance India’s global competitiveness in shipbuilding and maritime sector. This information was given by the Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, in a written reply to the Lok Sabha.                                                                 ***  MI/PN/IY " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; } function pauseAudio() { mPlayer.pause(); isPlaying = false; document.getElementById('playA').style.display = "block"; document.getElementById('stopA').style.display = "none"; } //function HandleAudio() { // if (isPlaying == true) { // //Playing already Pause it // pauseAudio(); // } else { // //Play the music // playAudio(); // } //} var synth = window.speechSynthesis; function CleanHtml(html) { html = html.replace(/ /gi, ''); return html; } function stripHtml(html) { let tmp = document.createElement("DIV"); tmp.innerHTML = CleanHtml(html); return tmp.textContent || tmp.innerText || ""; } $(document).ready(function () { //for responsive tables $("table").each(function () { if (!$(this).closest(".table-responsive").length) { $(this).wrap(" "); } }); var width = $(window).width(); if (width $(document).ready(function () { var width = $(window).width(); if (width @media print { .sticky-social, .sticky-social_mb, .pull-right, #printPDF { display: none !important; } } .f_vl { padding-right: 30px; font-size: 17px; cursor: pointer; } .log_oo { // width: 20%; display: flex; justify-content: space-between; } .log_oo img { width: 150px; /*width: 100%; height: auto;*/ } .sticky-social_mb { position: fixed; bottom: 0px; padding: 0px; margin: 0px; width: 100%; } .social_mb { list-style: none; display: flex; width: 100%; margin-bottom: -8px; } .social_mb a { padding: 8px 0px; font-size: 30px; transition: all 0.8s ease-in-out; width: 20% !important; text-align: center; } .section1 { position: relative; padding: 10px 0px; 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font-weight: 600 !important; } } /* === Film Roll Badge Styling(IFFI2025 countdown) === */ .film-roll-badge { position: absolute; top:82%; right: 20px; width: 230px; height: 70px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 18px, #6e2b8b 18px, #6e2b8b 36px ); border-top: 8px solid #9a2375; border-bottom: 8px solid #9a2375; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.4); animation: moveFilm 8s linear infinite; z-index: 10; } /* film sprocket holes */ .film-roll-badge::before, .film-roll-badge::after { content: ""; position: absolute; width: 100%; height: 10px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 10px, #fff 10px, #fff 20px ); left: 0; z-index: 2; } .film-roll-badge::before { top: -4px; } .film-roll-badge::after { bottom: -4px; } .film-roll-inner { position: relative; height: 100%; display: flex; align-items: center; justify-content: center; animation: flicker 2s infinite ease-in-out; } .countdown-text { font-size: 1.3rem; font-weight: 700; color: #fff; text-shadow: 0 0 6px rgba(255, 255, 255, 0.4), 0 0 10px #000; white-space: nowrap; } /* === Animations === */ @keyframes moveFilm { 0% { background-position: 0 0; } 100% { background-position: 120px 0; } } @keyframes flicker { 0%, 100% { opacity: 1; } 50% { opacity: 0.9; } 25% { opacity: 0.95; } 75% { opacity: 0.85; } } /* === Responsive Adjustments === */ @media (max-width: 1500px) { .film-roll-badge { top: 68%; right: 18px; /* width: 220px; */ height: 65px; font-size: 0.85rem; } .press-section { margin-top: 35px; } } @media (max-width: 992px) { .film-roll-badge { top: 52%; right: 10px; width: 200px; height: 60px; } } @media (max-width: 768px) { .film-roll-badge { top: 56%; right: 10px; width: 124px; height: 55px; } .countdown-text { font-size: 0.9rem; } } @media (max-width: 576px) { .film-roll-badge { top: 59%; right: 5px; /* width: 160px; */ height: 50px; } .countdown-text { font-size: 0.85rem; } } const festivalStart = new Date("2025-11-20T00:00:00").getTime(); const festivalEnd = new Date("2025-11-28T23:59:59").getTime(); const countdownElement = document.getElementById("countdown"); const interval = setInterval(() => { const now = new Date().getTime(); // BEFORE FESTIVAL — show days + hours left if (now = festivalStart && now el.style.width = "350px"); clearInterval(interval); } }, 1000); //

For UPSC

Remember ₹19,748 crore approved for 456 vessels under SBFAP, ₹620.57 crore disbursed for 204 vessels to 23 shipyards; employment multiplier 6.4 (2024 assessment); new SBDS scheme approved September 2025.

Original PIB release
pib.gov.in · PRID 2240069

Open on PIB ↗

SHIPBUILDING FINANCIAL ASSISTANCE POLICY

For UPSC

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