Overview
- SBFAS will deploy Rs 24,736 crore as 15–25% per‑vessel support with incentives for series orders, disbursed in stages against defined milestones and independent valuation.
- SbDS allocates Rs 19,989 crore for capacity building, funding 100% of common infrastructure in greenfield clusters via 50:50 Centre–State SPVs and 25% capital support for brownfield upgrades.
- A Credit Risk Coverage Framework will insure project financing across pre‑shipment, post‑shipment and vendor‑default risks to improve bankability.
- A Shipbreaking Credit Note will grant owners 40% of scrap value for vessels dismantled at Indian yards, linking recycling to newbuild demand.
- Brownfield rules cap assistance at Rs 1,500 crore per yard, require completion within six years, mandate online applications and Independent Project Monitoring Agencies, and keep disbursements audit‑ready under CAG oversight; the schemes run through March 31, 2036 with an envisaged extension to 2047, targeting about Rs 96,000 crore in projects over the next decade and 4.5 million GT annual capacity by 2047.