The Directorate General of Shipping (DG Shipping) has launched the online portal for the Shipbuilding Financial Assistance Scheme (SBFAS). The digital platform is now live and is expected to streamline access to financial support for Indian shipyards under the government’s flagship scheme.
The portal will also offer analytical dashboards for real-time performance monitoring and system
The new SBFAS portal enables end-to-end online submission and processing of applications in accordance with the notified guidelines. Shipyards can now submit proposals, track the status of their applications, and access detailed scheme information through a transparent and user-friendly interface.
The initiative is part of the ₹24,736 crore SBFAS framework, aimed at By digitising workflows and reducing manual intervention, the portal is expected to significantly improve efficiency, transparency, and turnaround time for approvals.
Several additional features are scheduled like provision for additional financial assistance at the keel laying and launching stages to ease shipyard cash flows, introduction of a Ship Breaking Credit Note, and an enhanced notification system for timely updates and compliance alerts.