SHIPBUILDING FINANCIAL ASSISTANCE POLICY

• SBFAP is a Government of India subsidy scheme granting financial assistance to Indian shipyards for shipbuilding contracts signed between 1 April 2016 and 31 March 2026, administered by the Ministry of Ports, Shipping and Waterways (MoPSW).
• Designed to offset the cost-competitiveness gap with Korean/Chinese/Japanese yards (which historically enjoyed subsidies), and to lift India's negligible share (<1%) in global shipbuilding.
• Now nested within the ₹69,725 crore four-pillar Maritime Package (Sept 2025) — relevant for GS-III (Infrastructure, Economy) and GS-II (Government policies).