<h1>India Approves EXIM Bank Scheme for Concessional Financing of Strategic Overseas Infrastructure Projects with 75% Local Sourcing Requirement.</h1> The Union Cabinet of India has approved a scheme allowing EXIM Bank to provide concessional financing to Indian companies bidding for strategically important infrastructure projects abroad. The scheme aims to support these companies by offering loans guaranteed by foreign governments. A committee, chaired by the Secretary of the Department of Economic Affairs and including various governmental departments and the Deputy National Security Adviser, will assess the strategic importance of projects on a case-by-case basis. The scheme mandates sourcing at least 75% of project requirements from India, where feasible, and will be reviewed after two years.