Q. Consider the following statements about the Sagarmala Finance Corporation Limited (SMFCL):
1.It is India’s first Non-Banking Financial Company (NBFC) in the maritime sector.
2.It is registered as a maha-ratna public sector company.
Which of the statements given above is/are correct?
Answer: A
Notes:
Explanation: Only Statement 2 is correct
Statement 1 is correct: Sagarmala Finance Corporation Limited (SMFCL) is India’s first Non-Banking Financial Company (NBFC) in the maritime sector.
Statement 2 is incorrect: SMFCL —a Mini Ratna, Category-I, Central Public Sector Enterprise—has been formally registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) as of June 19, 2025.
Source: PIB
