Question
Under which classification is the Sagarmala Finance
Corporation Limited (SMFCL) categorized as a CPSE?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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