The Indian government has notified the operational guidelines for two major shipbuilding initiatives aimed at strengthening the country’s domestic shipbuilding capacity and improving global competitiveness.
The schemes, the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), carry a combined financial outlay of ₹44,725 crore.
The Ministry of Ports, Shipping & Waterways (MoPSW) said the newly approved guidelines provide a transparent and accountable framework for the implementation of the schemes, covering financial support, infrastructure development, technology advancement and risk mitigation within the shipbuilding sector.
Under the Shipbuilding Financial Assistance Scheme, which has been allocated a corpus of ₹24,736 crore, the government will provide financial assistance ranging from 15% to 25% of the vessel contract value.
The level of assistance will depend on the category of the vessel, with graded support for small normal, large normal and specialised vessels.
The scheme also includes incentives for series orders and mandates independent valuation and milestone-based
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