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      Question

      Under which classification is the Sagarmala Finance

      Corporation Limited (SMFCL) categorized as a CPSE?
      A Maharatna Correct Answer Incorrect Answer
      B Navratna Correct Answer Incorrect Answer
      C Mini Ratna Category-I Correct Answer Incorrect Answer
      D Schedule B CPSE Correct Answer Incorrect Answer
      E Public Trust Correct Answer Incorrect Answer

      Solution

      SMFCL, formerly known as Sagarmala Development Company Limited, has been reclassified as a Mini Ratna, Category-I Central Public Sector Enterprise (CPSE). It is India’s first maritime-focused NBFC, registered with the RBI on June 19, 2025.

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