{"id":15230,"date":"2025-09-24T20:17:06","date_gmt":"2025-09-24T20:17:06","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/09\/24\/cabinet-approves-rs-70000-crore-package-for-shipping-industry-details-here-economy-news\/"},"modified":"2025-09-24T20:17:06","modified_gmt":"2025-09-24T20:17:06","slug":"cabinet-approves-rs-70000-crore-package-for-shipping-industry-details-here-economy-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/24\/cabinet-approves-rs-70000-crore-package-for-shipping-industry-details-here-economy-news\/","title":{"rendered":"Cabinet Approves Rs 70,000-Crore Package For Shipping Industry; Details Here | Economy News"},"content":{"rendered":"


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The Union Cabinet, led by PM Narendra Modi, approves a Rs 69,725-crore package to boost India’s shipbuilding, including SBFAS, MDF, and a National Shipbuilding Mission.<\/h2>\n
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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a Rs 69,725-crore package to boost India\u2019s shipbuilding and maritime industry, Information & Broadcasting Minister Ashwini Vaishnaw announced on Wednesday, September 24.<\/p>\n

The package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing, promote greenfield and brownfield shipyard development, enhance technical capabilities and skilling, and implement legal, taxation, and policy reforms to create a robust maritime infrastructure.<\/p>\n

Under this package, the Shipbuilding Financial Assistance Scheme (SBFAS) will be extended until 31 March 2036 with a total corpus of Rs 24,736 crore. The scheme aims to incentivise shipbuilding in India and includes a shipbreaking credit note with an allocation of Rs 4,001 crore.<\/p>\n

A National Shipbuilding Mission will also be established to oversee the implementation of all initiatives.<\/p>\n

In addition, the Maritime Development Fund (MDF) has been approved with a corpus of Rs 25,000 crore to provide long-term financing for the sector. Furthermore, the Shipbuilding Development Scheme has a budgetary outlay of Rs 19,989 crore.<\/p>\n

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September 24, 2025, 15:22 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> economy<\/a> Cabinet Approves Rs 70,000-Crore Package For Shipping Industry; Details Here<\/span><\/div>\n
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Last Updated:September 24, 2025, 16:06 IST The Union Cabinet, led by PM Narendra Modi, approves a Rs 69,725-crore package to boost India’s shipbuilding, including SBFAS, MDF, and a National Shipbuilding Mission. News18 The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a Rs 69,725-crore package to boost India\u2019s shipbuilding and maritime industry,…<\/p>\n","protected":false},"author":1,"featured_media":2131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-15230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=15230"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/2131"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=15230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=15230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=15230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}