As per the Union Budget 2025-26, a Maritime Development Fund with corpus of how much will be established?

Correct option is C

The correct answer is: (C) ₹25,000 crore

Explanation:

• In her Union Budget 2025–26 speech, Finance Minister Nirmala Sitharaman announced the establishment of a Maritime Development Fund with a corpus of ₹25,000 crore to support long-term financing for India’s maritime industry .

Information Booster:

• The Fund will receive up to 49% government contribution, while the remaining investment will be raised from ports and private entities .

• Its primary aim is to boost the shipbuilding and repair sectors, along with promoting competition in the maritime domain .

• By 2030, it is expected to generate up to ₹1.5 lakh crore in maritime investments .

• The initiative also involves revamping the Shipbuilding Financial Assistance Policy, introducing ship-breaking credit notes for local yards, and extending duty exemptions .

• Larger vessels will be included under the Infrastructure Harmonized Master List (HML) to facilitate infrastructure-related incentives .