Sagarmala is the flagship Central Sector Scheme of the Ministry of Ports, Shipping and Waterways to promote port-led development in the country. Ministry has issued revised Sagarmala Funding Guidelines on 5.4.2023. As per revised Funding Guidelines, the fund contribution from Sagarmala Programme (from the budget of Ministry of Ports, Shipping and Waterways) in any project will be limited to 50 per cent of estimated project cost as per DPR or tendered cost, whichever is lesser. However, Ministry of Ports, Shipping and Waterways may provide 100% financial assistance for any project based on uniqueness, strategic nature, necessity, merits, financial condition of the Major Port, etc subject to the approval of Minister in charge of Ministry of Ports, Shipping and Waterways.

This information was given by the Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal in a written reply to the Rajya Sabha today.

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