{"id":373825,"date":"2026-10-14T16:14:34","date_gmt":"2026-10-14T10:44:34","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=373825"},"modified":"2026-10-14T16:14:34","modified_gmt":"2026-10-14T10:44:34","slug":"shipbuilding-project-credit-risk-insurance-policy-sbpcp-and-business-credit-shield-policy-shipbuilders-bcsps","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/shipbuilding-project-credit-risk-insurance-policy-sbpcp-and-business-credit-shield-policy-shipbuilders-bcsps\/","title":{"rendered":"Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy\u2013Shipbuilders (BCSPS)"},"content":{"rendered":"<div class=\"content-box-green\">\n<p id=\"Subtitleh3\"><span id=\"ltrSubtitle\"><strong>News:<\/strong> During the 21st Meeting of Maritime State Development Council, Shipbuilding Project Credit Risk Insurance Policy (SbPCP), and Business Credit Shield Policy\u2013Shipbuilders (BCSPS), credit risk insurance products have been launched to support India\u2019s shipbuilding industry.<\/span><\/p>\n<\/div>\n<h2 class=\"red-h2-box\">About Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy\u2013Shipbuilders (BCSPS)<\/h2>\n<figure style=\"width: 488px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessworld.in\/7041b92c-90b2-420d-afbf-51a05e5e6fb3_20261014130027_original_image_19.webp?resize=488%2C345&#038;ssl=1\" alt=\"Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy\u2013Shipbuilders (BCSPS)\" width=\"488\" height=\"345\" \/><figcaption class=\"wp-caption-text\">Source: BW Businessworld<\/figcaption><\/figure>\n<ul>\n<li><strong>Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy\u2013Shipbuilders (BCSPS)<\/strong> are the <strong>first-of-their-kind insurance policies.<\/strong><\/li>\n<li><strong>Aim:<\/strong> They aim<strong>\u00a0to reduce financial stress in large-scale ship manufacturing.<\/strong>\n<ul>\n<li>It aligns with<strong>\u00a0the National Shipbuilding Mission.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>Nodal Ministry:<\/strong> Ministry of<strong> Ports, Shipping and Waterways<\/strong><\/li>\n<li>The central government<strong> will subsidize insurance premiums and provide direct support to insurers in case shipyards file claims.<\/strong><\/li>\n<\/ul>\n<h2 class=\"yellow-h2-box\"><strong>About Shipbuilding Project Credit Risk Insurance Policy (SbPCP)<\/strong><\/h2>\n<ul>\n<li><strong>Developed by:<\/strong> It has been developed by<strong> ECGC Ltd.<\/strong><\/li>\n<li>It has been developed under the<strong><a href=\"https:\/\/forumias.com\/blog\/shipbuilding-financial-assistance-scheme-sbfas-and-shipbuilding-development-scheme-sbds\/\"> Shipbuilding Development Scheme (SbDS)<\/a>.<\/strong><\/li>\n<li><strong>Coverage:<\/strong> It will cover<strong> export-oriented projects from financial stress.<\/strong><\/li>\n<\/ul>\n<h2 class=\"yellow-h2-box\"><strong>About Business Credit Shield Policy\u2013Shipbuilders (BCSPS)<\/strong><\/h2>\n<ul>\n<li>It is a <strong>specialized credit risk insurance product<\/strong>.<\/li>\n<li><strong>Developed by:<\/strong> It has been developed by<strong> New India Assurance Co. Ltd. (NIACL).<\/strong><\/li>\n<li><strong>Coverage:<\/strong> It will <strong>protect domestic projects from financial stress.<\/strong><\/li>\n<\/ul>\n<table style=\"width: 100%; border-collapse: collapse; border-style: solid;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\">\n<h2 class=\"red-h2-box\">About Maritime State Development Council (NSDC)<\/h2>\n<ul>\n<li><strong>Maritime State Development Council (MSDC)<\/strong> is a <strong>statutory consultative body.<\/strong><\/li>\n<li><strong>Notified under:<\/strong> It has been notified as <strong>statutory consultative body<\/strong> under the <strong>Indian Ports Act, 2025 in 2026.<\/strong><\/li>\n<li><strong>Establishment year:<\/strong> It was<strong> originally constituted in 1997.<\/strong><\/li>\n<li><strong>Mandate:<\/strong> Its mandate is to <strong>promote integrated maritime growth<\/strong>, coordinated policy formulation, and planned development of maritime infrastructure.<\/li>\n<li><strong>Nodal Ministry:<\/strong> The nodal ministry for the MSDC is the <strong>Ministry of Ports, Shipping and Waterways.<\/strong><\/li>\n<li><strong>Chaired by:<\/strong> It is chaired by the <strong>Union Minister for Ports, Shipping and Waterways.<\/strong><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>News: During the 21st Meeting of Maritime State Development Council, Shipbuilding Project Credit Risk Insurance Policy (SbPCP), and Business Credit Shield Policy\u2013Shipbuilders (BCSPS), credit risk insurance products have been launched to support India\u2019s shipbuilding industry. About Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy\u2013Shipbuilders (BCSPS) Shipbuilding Project Credit Risk Insurance Policy&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/shipbuilding-project-credit-risk-insurance-policy-sbpcp-and-business-credit-shield-policy-shipbuilders-bcsps\/\">Continue reading <span class=\"screen-reader-text\">Shipbuilding Project Credit Risk Insurance Policy (SbPCP) and Business Credit Shield Policy\u2013Shipbuilders (BCSPS)<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,1760,12039],"tags":[11872,3590],"class_list":["post-373825","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-polity-and-nation","category-knolls","tag-9pm-daily-factly","tag-pib","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/373825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=373825"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/373825\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=373825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=373825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=373825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}