♦ The Ministry of Ports, Shipping & Waterways (MoPSW) notified the operational guidelines for two major shipbuilding initiatives—the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS)—aimed at strengthening India’s domestic shipbuilding capacity and improving global competitiveness. The approved guidelines lay down a transparent and accountable framework for implementation.
Operational guidelines have been issued for two schemes with a combined outlay of Rs.44,700 crore to strengthen the domestic shipbuilding industry until 2036.

♦ Under SBFAS, which has a total corpus of Rs.24,736 crore, the government will provide financial assistance ranging from 15% to 25% per vessel, depending on the vessel category. 

♦ The Shipbuilding Development Scheme (SbDS), with a budgetary outlay of Rs.19,989 crore, focuses on long-term capacity and capability creation. The scheme provides for the development of greenfield shipbuilding clusters, expansion and modernisation of existing brownfield shipyards, and the establishment of an India Ship Technology Centre under the Indian Maritime University to support research, design, innovation and skills development.