Revised funding guidelines for the Sagarmala Programme

As per the revised funding guidelines, the fund contribution from the Sagarmala Programme (from the Ministry of Ports, Shipping and Waterways (MoPSW) budget) in any project will be limited to 50 per cent of the estimated project cost as per the detailed project report (DPR) or tendered cost, whichever is lesser. However, the MoPSW may provide 100 per cent financial assistance for any project based on uniqueness, strategic nature, necessity, merits, financial condition of the major port, etc. Moreover, this will be subject to the approval of the minister in charge of the MoPSW.