Step 7 — SMFCL Approval of Interest Subvention
Review complete application dossier and take final approval decision
Application Summary
Pending ApprovalApplication No.
IIF-BRW-2026-00142
Borrower
M/s Indian Shipbuilders Pvt. Ltd.
Project Type
Greenfield Shipyard
Total Project Cost
Rs. 33,000 Lakhs
Total Loan Amount
Rs. 25,500 Lakhs
Interest Rate
8.50% p.a.
Moratorium Upto
31 Mar 2027
Lender
State Bank of India
Borrower Details (Read-only Review)
Borrower's Name
M/s Indian Shipbuilders Pvt. Ltd.
State
Maharashtra
District
Raigad
Ownership
Private Entity
Contact Person
Mr. Rajesh Sharma
Email
rajesh@indianshipbuilders.com
Lender Validation Summary — Loan 1
| Parameter | Value | Lender Validated |
|---|---|---|
| Type of Loan | Term Loan | Validated |
| Loan Amount | Rs. 12,500 Lakhs | Validated |
| Date of Sanction | 15 Mar 2025 | Validated |
| Rate of Interest | 8.50% p.a. | Validated |
| Interest Debit Periodicity | Quarterly | Discrepancy |
| Loan Account No. | SBIN00123456789 | Validated |
SMFCL Approval Decision
Objective of Project
Greenfield
Shipyard — Y
Brownfield
Shipyard — N
Augmentation —
N
Eligible for Interest Subvention
3% per annum
On sanctioned loan amount of Rs. 12,500 Lakhs
Approval Details
Interest Subvention Approved
Approval order issued. Approval Letter generated. Borrower and Lender have been notified. Application ref: IIF-APR-2026-00089
Back to Dashboard