Sagarmala Finance Corporation Limited (SMFCL), a Mini Ratna Category-I Central Public Sector Enterprise under the Ministry of Ports, Shipping and Waterways, has announced a significant recruitment drive for 12 Executive (E-1 Grade) positions. The online application process for Advt. No. 01/2026 commenced on May 20, 2026, and will conclude on June 18, 2026. This presents a prime opportunity for eligible aspirants across India, including those in Assam, seeking stable government employment in specialized fields such as Finance, Projects, Legal, Company Secretary, and IT.
Overview
Sagarmala Finance Corporation Limited (SMFCL) has released a recruitment notification, Advt. No. 01/2026, inviting online applications for 12 Executive (E-1 Grade) posts across various disciplines. The application window is open from May 20, 2026, with the crucial deadline for submission set for June 18, 2026. This recruitment targets dynamic professionals for roles in Finance, Projects, Legal, Company Secretary, and IT, offering a promising career path within a Mini Ratna Category-I CPSE under the Government of India.
Key Highlights
| Organization | Sagarmala Finance Corporation Limited (SMFCL) |
|---|---|
| Post Name | Executive (E-1 Grade) |
| Total Vacancies | 12 |
| Notification No. | Advt. No. 01/2026 |
| Mode of Application | Online |
| Application Start Date | May 20, 2026 |
| Last Date to Apply | June 18, 2026 |
| Job Location | Across India (Registered office in New Delhi) |
| Official Website | www.smfcl.co.in |
About the Organization
Sagarmala Finance Corporation Limited (SMFCL) is a prestigious Mini Ratna Category-I Central Public Sector Enterprise (CPSE) operating under the administrative control of the Ministry of Ports, Shipping and Waterways, Government of India. The organization was formerly known as Sagarmala Development Company Limited (SDCL) and underwent a strategic transformation, culminating in its reconstitution as SMFCL following shareholder approval in May 2025. On June 19, 2025, SMFCL officially received its Certificate of Registration from the Reserve Bank of India (RBI), authorizing it to function as a non-deposit taking Non-Banking Financial Company (NBFC-ICC).
This transformation marked a significant milestone, establishing SMFCL as India’s first financial institution exclusively dedicated to the maritime sector. Headquartered in New Delhi, SMFCL plays a pivotal role as a strategic financial enabler for India’s maritime transformation. Its core mandate involves strengthening financial access across the nation’s maritime ecosystem by providing targeted financing solutions. The Corporation focuses on bridging critical funding gaps to support port-led development, enhance infrastructure growth, improve logistics efficiency, and foster sustainable sectoral development. SMFCL’s initiatives are aligned with the broader objectives of the Sagarmala Programme, aiming to catalyze port-linked industrialization, develop coastal economic zones, establish multimodal logistics hubs, and empower coastal communities.
Vacancy Details
A total of 12 Executive (E-1 Grade) posts have been announced across five distinct disciplines. The distribution of vacancies, including category-wise reservations, is detailed below as per the official notification.
| Discipline | No. of Vacancies | Category-wise Reservation |
|---|---|---|
| Finance | 05 | UR-2, SC-1, OBC (NCL)-1, EWS-1 |
| Projects | 04 | UR-1, SC-1, OBC (NCL)-1, ST-1 |
| Legal | 01 | OBC (NCL)-1 |
| Company Secretary | 01 | UR-1 |
| IT | 01 | UR-1 |
| Total | 12 | (01 post reserved for PwBD across disciplines) |
Eligibility Criteria
Candidates applying for the Executive (E-1 Grade) positions at SMFCL must meet specific eligibility criteria concerning educational qualification, age limit, and nationality as of the cut-off date, which is June 18, 2026.
Educational Qualification
The essential educational qualifications vary by discipline:
- Executive (Finance): Candidates must possess a qualification of CA (Chartered Accountant) or CMA (Cost and Management Accountant) from a recognized institute.
- Executive (Projects): Applicants should hold a B.E./B.Tech degree in Civil, Electrical, Electrical & Electronics, Electronics & Communications, Electronics, or Mechanical Engineering with a minimum of 60% marks from a recognized institution.
- Executive (Legal): A regular full-time Degree in Law (LL.B – 3 years) with a first division or equivalent CGPA, OR a Degree in a 5-year integrated course in Law from a recognized University with a first division or equivalent CGPA is required.
- Executive (Company Secretary): Candidates must be Graduates with an Associate or Fellow Membership of the Institute of Company Secretaries of India (ICSI).
- Executive (IT): A B.E./B.Tech degree from recognized institutions/universities in Computer Science with a minimum of 60% marks is mandatory.
All educational qualifications must be obtained from Indian Universities/Institutes recognized by UGC/AICTE or appropriate statutory authorities. Candidates must have obtained their final year pass results at the time of submitting the online application.
Age Limit
The upper age limit for all Executive (E-1 Grade) posts is 30 years as on June 18, 2026.
Age Relaxation
Relaxations in the upper age limit are applicable as per Government of India rules:
- SC/ST candidates: Up to a maximum of 05 Years.
- OBC (non-creamy layer) candidates: Up to a maximum of 03 Years.
- Persons with Benchmark Disabilities (PwBD): Up to a maximum of 10 Years.
- Ex-Servicemen: As per Government of India rules.
- Candidates presently working in Central/State Government or Central/State PSU or Autonomous Bodies in permanent posts: Up to a maximum of 05 Years.
- Children/family members of those who died in the 1984 riots: Up to a maximum of 05 Years.
Nationality
Applicants must be citizens of India.
Salary & Pay Scale
Selected candidates for the Executive (E-1 Grade) posts in SMFCL will be placed in the Industrial Dearness Allowance (IDA) pay scale of Rs. 40,000 – Rs. 1,40,000 per month. In addition to the basic pay, employees are entitled to a comprehensive compensation package. This includes Dearness Allowance (DA), various Perks, Medical reimbursement for self and dependent family members, Provident Fund (PF), Gratuity, and either Company’s leased accommodation or House Rent Allowance (HRA). Other allowances and benefits will be admissible as per the Company Rules applicable from time to time.
Application Fee
The application fee structure for the SMFCL Executive (E-1 Grade) recruitment is as follows:
| Category | Application Fee |
|---|---|
| UR / EWS / OBC-NCL | Rs. 1,000/- (inclusive of Taxes) |
| SC / ST / PwBD | Exempted from fee payment |
The application fee is non-refundable and must be paid through online mode. Applications submitted without the prescribed fee (for applicable categories) will be summarily rejected.
Selection Process
The selection process for the Executive (E-1 Grade) positions at Sagarmala Finance Corporation Limited is rigorous and designed to assess candidates’ aptitude and domain expertise. It comprises the following stages:
- Computer Based Test (CBT):
- The CBT will consist of 150 multiple-choice questions carrying a total of 150 marks.
- The duration of the test will be 2 hours.
- The CBT will have two main sections:
- Specific Domain/Discipline: 90 questions for 90 marks, focusing on the respective discipline (Finance, Projects, Legal, Company Secretary, IT).
- General Aptitude: 60 questions for 60 marks, covering General English, Quantitative Aptitude, Reasoning, and General Awareness.
- There will be a negative marking of 0.25 marks for every incorrect answer.
- The examination will be conducted in both English and Hindi languages.
- The CBT will carry an 85% weightage in the final merit list.
- Tentative CBT centers include Bhopal, Bengaluru, Chennai, Delhi, Guwahati, Hyderabad, Jammu, Kolkata, Lucknow, Mumbai, and Patna.
- Personal Interview:
- Candidates who qualify in the CBT will be shortlisted for a Personal Interview. Approximately 5-7 candidates will be shortlisted per post for the interview stage.
- The Personal Interview will carry a 15% weightage in the final merit list.
- Document Verification:
- Shortlisted candidates will undergo mandatory verification of their original credentials and documents.
- Candidates currently employed in PSUs/Government organizations will need to provide a ‘No Objection Certificate’ (NOC).
- Medical Examination:
- Final selection is subject to meeting the company’s prescribed medical fitness standards.
The final merit list will be prepared based on the combined performance in the Computer Based Test (85% weightage) and the Personal Interview (15% weightage).
How to Apply
Aspirants interested in the SMFCL Executive (E-1 Grade) recruitment must submit their applications online by following the steps below:
- Visit the official career section of Sagarmala Finance Corporation Limited. The official notification is available on the careers page of www.smfcl.co.in.
- Locate and click on the link for “SMFCL Rectt. Advt. No. 01/2026” or “Recruitment at Entry Level Positions on Regular Basis” to download and thoroughly read the detailed official advertisement.
- Once you have understood the eligibility criteria and instructions, click on the “Apply Online” link. The direct application portal is https://cdn.digialm.com/EForms/configuredHtml/1258/100753/Index.html.
- Register yourself on the portal if you are a new user. Log in using your credentials if already registered.
- Fill out the online application form with all the required personal, educational, category, and experience details accurately. Ensure all information is correct as of the cut-off date, June 18, 2026.
- Upload scanned copies of your recent passport-sized photograph, signature, identity proof, educational certificates, experience certificates, and any other relevant documents as specified in the notification.
- Pay the application fee online, if applicable, based on your category (Rs. 1,000/- for UR/EWS/OBC-NCL candidates; SC/ST/PwBD candidates are exempted).
- Review the entire application form carefully before final submission to avoid any errors.
- Submit the application form before the closing date, June 18, 2026.
- After successful submission, take a printout of the completed application form and the e-receipt of the fee payment (if applicable) for your records and future correspondence.
Candidates are advised to keep their valid email ID and mobile number active throughout the recruitment process for receiving important updates. Please note that separate applications may be required if applying for multiple posts, and applications without the fee (for applicable categories) will be rejected. Final year appearing candidates are not eligible. OBC/EWS certificates should be issued after April 01, 2026.
Important Dates
| Event | Date |
|---|---|
| Online Application Start Date | May 20, 2026 |
| Last Date to Apply Online | June 18, 2026 |
| Last Date for Fee Payment | June 18, 2026 |
| Cut-off Date for Eligibility | June 18, 2026 |
| Tentative CBT Date | July 2026 |
| Interview Date | To Be Announced |
Important Links
Official Notification PDF: Click Here
Apply Online: Click Here
Official Website: Click Here
Official Notification Reference
The recruitment notification for Executive (E-1 Grade) positions is officially referenced as “SMFCL Rectt. Advt. No. 01/2026”, dated 20-05-2026, issued by Sagarmala Finance Corporation Limited.
Frequently Asked Questions
What is Sagarmala Finance Corporation Limited (SMFCL)?
Sagarmala Finance Corporation Limited (SMFCL) is a Mini Ratna Category-I Central Public Sector Enterprise (CPSE) under the Ministry of Ports, Shipping and Waterways, Government of India. It functions as India’s first maritime sector-specific Non-Banking Financial Company (NBFC), registered with the RBI, dedicated to financing and enabling port-led development and maritime infrastructure projects across the country.
What are the key dates for this SMFCL Executive recruitment?
The online application process for SMFCL Executive (E-1 Grade) posts began on May 20, 2026. The last date to apply online and pay the application fee is June 18, 2026. The cut-off date for determining eligibility criteria is also June 18, 2026.
How many vacancies are available for Executive (E-1 Grade) posts?
A total of 12 vacancies have been announced for Executive (E-1 Grade) positions across various disciplines, including Finance, Projects, Legal, Company Secretary, and IT.
What is the maximum age limit to apply for SMFCL Executive (E-1 Grade) posts?
The maximum age limit for General category candidates applying for Executive (E-1 Grade) posts is 30 years as on June 18, 2026. Age relaxations are applicable for SC/ST, OBC (NCL), PwBD, Ex-Servicemen, and government/PSU employees as per Government of India norms.
What is the application fee for this recruitment?
Candidates belonging to UR/EWS/OBC-NCL categories are required to pay a non-refundable application fee of Rs. 1,000/- (inclusive of taxes). However, SC/ST/PwBD candidates are exempted from paying the application fee.
What is the selection process for SMFCL Executive (E-1 Grade) positions?
The selection process involves a Computer Based Test (CBT) carrying 85% weightage, followed by a Personal Interview with 15% weightage. Candidates who qualify these stages will then undergo document verification and a medical examination.
What is the salary and pay scale for SMFCL Executive (E-1 Grade) posts?
Selected candidates for the Executive (E-1 Grade) posts will receive a salary in the IDA pay scale of Rs. 40,000 – Rs. 1,40,000 per month. This also includes Dearness Allowance, perks, medical reimbursement, Provident Fund, Gratuity, and company leased accommodation or HRA, along with other benefits as per company rules.