{"id":346905,"date":"2025-09-26T14:52:45","date_gmt":"2025-09-26T09:22:45","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=346905"},"modified":"2025-09-26T14:52:45","modified_gmt":"2025-09-26T09:22:45","slug":"shipbuilding-financial-assistance-scheme-sbfas","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/shipbuilding-financial-assistance-scheme-sbfas\/","title":{"rendered":"Shipbuilding Financial Assistance Scheme (SBFAS)"},"content":{"rendered":"

News:<\/strong> The Union Cabinet approved a \u20b969,725 crore package to revitalise shipbuilding and maritime infrastructure, extending SBFAS and launching complementary funds and schemes for capacity, finance, and technology.<\/p>\n

About Shipbuilding Financial Assistance Scheme (SBFAS)<\/h2>\n
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Source – ET<\/figcaption><\/figure>\n\n\n\n\n\n\n\n\n
About SBFAS<\/strong><\/td>\n\n
    \n
  • The SBFAS is part of the comprehensive package<\/strong> to strengthen India\u2019s maritime ecosystem<\/strong>.<\/li>\n
  • It provides direct financial assistance<\/strong> to shipbuilders<\/strong> and includes a Shipbreaking Credit Note.<\/strong><\/li>\n
  • It will be Overseen<\/strong> by a National Shipbuilding Mission<\/strong> for coordinated implementation.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Administered by<\/strong><\/td>\n\n
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  • It is under the Ministry of Ports, Shipping and Waterways (MoPSW)<\/strong><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Total corpus<\/strong><\/td>\n\n
    \n
  • Extended with a total corpus of \u20b924,736 crore.<\/li>\n
  • Includes a Shipbreaking Credit Note<\/strong> allocation of \u20b94,001 crore.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Aim<\/strong><\/td>\nTo incentivize shipbuilding<\/strong> in India and strengthen domestic shipyard competitiveness<\/strong> for both domestic and export orders.<\/td>\n<\/tr>\n
Time Period<\/strong><\/td>\n\n
    \n
  • Initially, it was for shipbuilding contracts signed from 2016 to 2026<\/strong><\/li>\n
  • Now it will be extended until 31 March 2036<\/strong><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Feature<\/strong><\/td>\n\n