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Sarbananda Sonowal Inaugurates India’s First Maritime NBFC — Sagarmala Finance Corporation Limited (SMFCL)

PIB Summary - 27th June 2025 | PIB (Press Information Bureau) Summary - UPSC

Highlights

  • Inaugurated by: Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal.
  • Date of RBI NBFC registration: June 19, 2025.
  • Occasion: Marks transformation of Sagarmala Development Company Ltd. into an NBFC.
  • Category: Mini Ratna, Category-I CPSE (Central Public Sector Enterprise).
  • Relevance : GS 3(Infrastructure , Banking)

Purpose & Significance

First NBFC dedicated to maritime sector in India.

  • Aims to bridge financial gaps in maritime infrastructure and logistics.
  • Supports Maritime Amrit Kaal Vision 2047 and the goal of Viksit Bharat.
  • Responds to a long-standing industry demand for tailored financial instruments.

Strategic Roles & Functions

Offers customized financial solutions:

  • Short-term, medium-term, and long-term funding.
  • Target stakeholders:
  • Port authorities
  • Shipping companies
  • MSMEs, startups
  • Maritime education institutions

Enables investments in:

  • Shipbuilding
  • Renewable energy
  • Cruise tourism
  • Maritime skilling & education

Impact on Maritime Sector

Provides a sector-specific financial ecosystem.

  • Expected to accelerate innovation, investment, and inclusive development.
  • Enhances logistics efficiency and sustainable development in the maritime domain.

Leaders’ Comments

Sarbananda Sonowal:

  • Called it a “major milestone in India’s maritime journey.”
  • Emphasized alignment with PM Modi’s vision and the Amrit Kaal goals.

Shantanu Thakur:

  • Highlighted SMFCL’s role in fostering a dedicated financial ecosystem.

 Conclusion 

  •  SMFCL positions India to become a global maritime power by providing structured, targeted financing to a crucial but underserved sector. 

MoHUA Rolls Out Mega Monsoon Swachhata Campaign

PIB Summary - 27th June 2025 | PIB (Press Information Bureau) Summary - UPSC

Campaign Overview

  • Name: Safai Apnao, Bimaari Bhagao (SABB).
  • Duration: 1st – 31st July 2025.
  • Launched by: Ministry of Housing and Urban Affairs (MoHUA) under Swachh Bharat Mission – Urban (SBM-U).
  • Tagline: “Safai Apnao, Bimaari Bhagao”
  • Objective: Health-centric sanitation to prevent water-borne and vector-borne diseases during the monsoon.
  • Relevance: GS 2 (Governance, Health)

Key Focus Areas

  • Preventive drain cleaning and garbage hotspot reduction.
  • Avoiding water stagnation to prevent diseases like Dengue, Malaria, and Chikungunya.
  • Ensuring access to sanitation and safe drinking water in vulnerable areas.
  • Cleanliness drives in public/community toilets, schools, and slums.

The 6 Swachhata Mantras

  • Clean Hands
  • Clean Homes
  • Clean Neighbourhood
  • Clean Toilets
  • Clean Drains & Waterbodies
  • Clean Public Spaces

Behavioural & Community Interventions

  • Citizen mobilization through behavioural nudges for hygiene and waste management.
  • School campaigns promoting handwashing and child hygiene.
  • Encouragement of RWA, NGO, and citizen participation.
  • Use of the Swachhata App for grievance redressal.

Urban Local Bodies (ULBs) Responsibilities

  • Identify high-risk areas and conduct targeted sanitation action.
  • Ensure daily waste collection, toilet maintenance, and public space cleanliness.
  • Report all campaign activities on the Swachhatam Portal.

Special Initiatives

  • Special Purpose Vehicles (SPVs) in 100 Smart Cities to clean markets, food streets, and heritage areas.
  • Use of Integrated Command and Control Centres for innovation and monitoring.
  • Focus on Safai Mitras’ welfare, clean water access, and hygiene.

Inter-Ministerial Coordination

Efforts aligned with:

  • Ministry of Health and Family Welfare (MoHFW)
  • Department of Drinking Water and Sanitation (DDWS)
  • Ministry of Rural Development (MoRD)
  • Ministry of Women and Child Development (MoWCD)
  • Department of School Education and Literacy

 Conclusion 

  •  The SABB campaign emphasizes a preventive, participatory, and inter-agency approach to urban sanitation during the monsoon, aiming for cleaner and healthier urban environments.

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FAQs on PIB Summary - 27th June 2025 - PIB (Press Information Bureau) Summary - UPSC

1. What is the significance of the Sagarmala Finance Corporation Limited (SMFCL) in the context of India's maritime sector?
Ans. The Sagarmala Finance Corporation Limited (SMFCL) is India's first maritime Non-Banking Financial Company (NBFC), which aims to provide financial support for port-led development and related infrastructure projects. Its establishment signifies the government's commitment to enhancing the maritime economy, improving logistics, and promoting the overall growth of the shipping industry. The SMFCL is expected to facilitate investments in the Sagarmala project, which focuses on modernizing ports, enhancing coastal community development, and boosting trade efficiency.
2. What are the main objectives of the MoHUA's Mega Monsoon Swachhata Campaign?
Ans. The Mega Monsoon Swachhata Campaign launched by the Ministry of Housing and Urban Affairs (MoHUA) aims to enhance cleanliness and sanitation in urban areas during the monsoon season. Key objectives include raising public awareness about sanitation practices, preventing waterlogging and vector-borne diseases, and promoting community participation in cleanliness drives. The campaign emphasizes the importance of maintaining hygiene to ensure public health, especially during the rainy season when sanitation challenges are heightened.
3. What are the six Swachhata Mantras promoted during the campaign?
Ans. The six Swachhata Mantras promoted during the campaign include: 1) Segregation of waste at source, 2) Proper disposal of waste, 3) Regular cleaning of streets and public spaces, 4) Awareness creation among citizens regarding hygiene, 5) Participation of community members in cleanliness initiatives, and 6) Maintenance of sanitation facilities. These mantras serve as guiding principles to foster a culture of cleanliness and encourage proactive behavior among residents.
4. What role do Urban Local Bodies (ULBs) play in the Mega Monsoon Swachhata Campaign?
Ans. Urban Local Bodies (ULBs) play a crucial role in the Mega Monsoon Swachhata Campaign by being the primary implementers of sanitation initiatives at the local level. Their responsibilities include organizing cleanliness drives, ensuring proper waste management and disposal, maintaining public sanitation facilities, and educating citizens about hygiene practices. ULBs are instrumental in coordinating efforts between various stakeholders and ensuring the effective execution of the campaign's objectives.
5. How does inter-ministerial coordination contribute to the success of the campaign?
Ans. Inter-ministerial coordination is vital for the success of the Mega Monsoon Swachhata Campaign as it ensures a collaborative approach among different government departments and agencies. This coordination facilitates the sharing of resources, expertise, and best practices, thereby enhancing the effectiveness of sanitation efforts. By working together, ministries can address various aspects of sanitation, such as health, urban development, and environment, leading to a more holistic and impactful campaign.
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