<h1>Concessional financing support for Indian bidders in strategic overseas infrastructure projects ensures interest equalization and counter guarantee.</h1> Extension of the Concessional Financing Scheme continues authorisation for concessional credit to support Indian entities bidding for strategic overseas infrastructure projects, preserving the mechanism where the Government provides a counter guarantee and interest equalisation support while EXIM Bank raises funds to on lend on concessional terms. Project selection is made by the Ministry of External Affairs and strategic eligibility is determined by an inter departmental Committee chaired by the Secretary, DEA; DEA issues formal approval to EXIM Bank. EXIM Bank's lending is subject to capped margins above LIBOR and loans are secured by repayment guarantees from the foreign government.