The Government of India, through the Ministry of Ports, Shipping & Waterways, has announced the operational guidelines for two innovative shipyard initiatives: the Shipbuilding Financial Assistance Scheme (SBFAS) and the Shipbuilding Development Scheme (SbDS), which jointly allocated Rs. 44,700 crore (US$5.4 billion) to enhance India's domestic shipbuilding industry. The Shipbuilding Financial Assistance Scheme (SBFAS) will distribute funds to local shipyards with a designated resource base of Rs. 24,736 crore (US$3.0 billion) to shipyards that will provide tiered financial assistance of 15%-25%, classified by vessel type financing support. Loans will be disbursed in stages to vessels as milestones against funding allocations to ensure clarity among stakeholders. The Shipbuilding Financial Assistance Scheme (SBFAS) intends to provide a Ship-Breaking Credit Note to shipowners for dismantling vessels registered at Indian shipyards, granting a credit note of 40% of the total scrap value to integrate ship scrapping into shipyard development. The Shipbuilding Financial Assistance Scheme (SBFAS) is projected to provide funding amounting to Rs. 96,000 crore (USUS$11.5 billion) over the next ten years. The Shipbuilding Development Scheme (SbDS), with an allocation of Rs. 989 crore (US$2.4 billion), focuses on increasing capacity via new shipbuilding parks and upgrading current brownfield shipyards, as well as creating the India Ship Technology Centre through the Indian Maritime University to support research, design, and skill enhancement. Greenfield projects will receive full 100% support for capital on shared facilities, while current shipyards will be permitted to obtain 25% assistance for essential infrastructure enhancement.