Draft Guidelines for P1 - Shipbuilding Financial Assistance Scheme (SBFAS) - National Shipbuilding Mission (NSbM) - reg.

Sep 19, 2026

Draft Guidelines prepared as part of the Government of India, Ministry of Ports, Shipping and Waterways (MoPSW) work to operationalize the Shipbuilding Financial Assistance Scheme (SBFAS) and the National Shipbuilding Mission (NSbM). The report covers the Cabinet approval, the mandate assigned to the Directorate General of Shipping (DGS), Committee-I’s constitution, and its objective to activate the ₹24,736 crore corpus. It also outlines meetings with stakeholders, and references a structured index including background, stakeholder minutes, annexures, and the draft SBFAS guidelines.

LanguageEnglish

CategoryLetters

FormatPDF

Pages168

Reading Time59 min

AccessFree to download

Background

Objective of the Committee

Constitution of the Committee

Meetings Conducted with Stakeholders

Minutes of Stakeholder and Core Committee Meetings

Summary of Stakeholder Suggestions and Action Taken

Draft SBFAS Guidelines - Annexure VII

File No. SY-13017/2/2014-SBR Government of India Ministry of Ports, Shipping and Waterways (SBR Section) 3rd Floor, PTI building, 1 – Parliament Street, New Delhi – 110001 Dated: November 4th, 2025 To, 1. CMD, Cochin Shipyard Limited (CSL) 2. CMD, Shipping Corporation of India (SCI) 3. CMD, Hindustan Shipyard Limited 4. CMD, Mazagon Dock Shipbuilder Limited 5. CMD, Goa Shipyard Limited 6. CMD, Garden Reach Shipbuilder and Engineers Limited (GRSE) 7. CMD, Swan Defence and Heavy Engineering 8. CMD, L&T Shipbuilding 9. CMD, Shoft Shipyard pvt. Ltd. 10. CMD, Chowgule and Company Pvt. Ltd. 11. CMD, Titagarh Wagon Limited 12. CMD, Chowgule Global 13. Head, ISTC 14. Directorate General of Shipping 15. Advisor, Shipyards Association of India (SAI) 16. CEO & MD, Indian Shipbuilders Association of India (ISBA) 17. CEO, Indian National Shipowenrs Association (INSA) 18. VC & CEO, Gujarat Maritime Board (GMB) 19. New India Assurance (NIA) 20. Export Credit Guarantee Corporation of India (ECGC) 21. Sagarmala Finance Corporation Limited (SMFCL) 22. Indian Register of Shipping (IRS) 23. Indian Maritime University (IMU) 24. Centre of Excellence in Maritime and Shipbuilding (CEMS) 25. Ship Recycling Industries Association (SRIA) 26. International Shipyards (HD KSOE, Hanwha Ocean, Imabari Shipyards, CMACGM, AP Mollar Maersk, MSC, Damen Shipyards, Royal HSC, DP World, NYK Line Japan) 27. Container Shipping Lines Association (CSLA) Subject: Draft Guidelines for P1 i.e. , Shipbuilding Financial Assistance Scheme & National Shipbuilding Mission (NSbM)– reg. Sir, The undersigned is directed to say that Union Cabinet, in its meeting held on 24.09.2025 , approved the Shipbuilding Financial Assistance Scheme (SBFAS) and National Shipbuilding Mission (NSbM) of this Ministry to promote shipbuilding in India. Committee Report on formulation of Draft Guidelines for Ship Building Financial Assistance Scheme (SBFAS) INDEX | Sr. No. | | Page Number | | --- | --- | --- | | 1 | Background | 3-6 | | 2 | Minutes of Stakeholder meeting dated 10.10.2025 at MoPSW (Physical/Online)
– Annexure I | 7-12 | | 3 | Minutes of meeting-core committee along with other stakeholders-dated 14.10.2025 (Online)–Annexure II | 13-20 | | 4 | Minutes of meeting – core committee along with other stakeholders-dated 17.10.2025 (Physical/Online)–Annexure III | 21-30 | | 5 | Minutes of meeting-core-committeedated 30.10.2025 (forenoon) (Online)– Annexure IV | 30-39 | | 6 | Minutes of core-committee meeting with other stakeholder dated 30.10.2025 (afternoon) (Physical/virtual)–Annexure V | 40-66 | | 7 | Summary of all stakeholder suggestions and action taken – Annexure VI | 67-91 | | 8 | Draft SBFAS Guidelines-Annexure VII | 92-165 | 1. Background In pursuance of the Office Memorandum No. SY-13017/III/2025-SBR dated 9th October 2025 issued by the Ministry of Ports, Shipping and Waterways (MoPSW), the Directorate General of Shipping (DGS) was entrusted with the task of constituting three committees for formulation of guidelines under the Shipbuilding Development Scheme (SBDS) and the Shipbuilding Financial Assistance Scheme (SBFAS) . Accordingly, three committees were constituted: 1. Committee-I – For framing guidelines on the Shipbuilding Financial Assistance Scheme (SBFAS) . 2. Committee-II – For framing guidelines on Capacity and Capability Building of Greenfield Shipbuilding Clusters and Brownfield Shipyard Expansion Projects. 3. Committee-III – For formulating Credit Risk Coverage Guidelines for Shipbuilding Projects. This report pertains to the work carried out by Committee-I, constituted to prepare draft guidelines for Shipbuilding Financial Assistance Scheme (SBFAS) 2. Objective of the Committee The Committee was established to: 􀁸 Operationalize the ₹24,736 crore corpus allocated under Shipbuilding Financial Assistance Scheme. 􀁸 Develop the institutional framework for release of financial

FAQs

What Cabinet approval does the draft guidelines reference?

The draft references a Union Cabinet approval dated 24.09.2025 approving the Shipbuilding Financial Assistance Scheme (SBFAS) and National Shipbuilding Mission (NSbM) to promote shipbuilding in India.

What is the main objective of Committee-I?

Committee-I was established to operationalize the ₹24,736 crore corpus, develop the institutional framework for releasing financial assistance to shipyards, and ensure alignment with the Cabinet-approved SBFAS framework.

Who constituted Committee-I and who chaired its coordination?

Committee-I included representation from MoPSW, DGS, and multiple shipbuilding and maritime associations. The document states that Director (SBR), MoPSW served as the Ministry member and an officer from DGS, Shri Ankur Anal, acted as Member Convener.

Sep 19, 2026

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