Shipbuilding Financial Assistance Scheme (SBFAS)

Ministry

Ministry of Ports, Shipping & Waterways

Validity

Till 2036
(Proposed extension till 2047)

Financial Assistance

• Government support:
  15–25% per vessel

Special Feature

National Shipbuilding Mission

Shipbreaking Credit

• 40% scrap value credit

Shipbuilding Development Scheme (SbDS)

Budget

₹19,989 crore

Major Features

• Greenfield shipbuilding clusters
• Brownfield modernization
• Indian Ship Technology Centre (ISTC)
• Credit Risk Coverage Framework

UPSC Themes

• Blue Economy
• Maritime Infrastructure
• Atmanirbhar Bharat