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Government of India | Ministry of Ports, Shipping & Waterways

IIF Scheme — End-to-End Workflow

Visual representation of the complete interest subvention approval and release process

Flow A

Approval of Interest Subvention

Borrower
Borrower Registration
Done
SMFCL
IA Sends Link to Lender
Done
Lender
Lender Acceptance
Done
SMFCL
Login IDs Created
Done
5
Borrower
Project Details Submitted
In Progress
6
Lender
Lender Validates Details
Pending
7
SMFCL
IA Approves Subvention
Pending
Overall Progress — Flow A 4/7 Steps Complete
Flow B

Release of Interest Subvention (Periodic Claims)

1
Borrower Submits Claim
Borrower

Borrower submits periodic claim with transaction summary, account statement, and acknowledgement

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2
Lender Validates Claim
Lender

Lender verifies claim details against actual loan account transactions and confirms with signed statement

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3
IA Reviews & Releases
SMFCL

SMFCL reviews validated claim, calculates eligible subvention amount, and releases funds to borrower account

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Actor Legend
Borrower (Shipyard)
Lender (Bank / FI)
SMFCL / Implementing Agency