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Cabinet approves Extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad

News and Press Release - Dated:- 1-8-2018 - The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the first extension of Concessional Financing Scheme(CFS) to support Indian Entities bidding for strategically important infrastru .....

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rtment of Economic Affairs every year, as follows:- Year 2018-19 2019-20 2020-21 2021-22 2022-23 Total IES Amount (In US$ million) 6.5 10.00 18.75 29.00 32.00 96.25 IES Amount (In INR crore) 42.25 65.00 121.88 188.50 208.00 625.63 Note: The estimated .....

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dian entities, the CFS enables India to generate substantial backward linkage induced jobs, demand for material and machinery in India and also a lot of goodwill for India. Implementation Strategy and Targets: Under the Scheme, MEA selects the specif .....

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ty National Security Adviser is also a member of this Committee. Once approved by the Committee, DEA issues a formal letter to EXIM Bank conveying approval for financing of the project under CFS. The Scheme is presently being operated through the Exp .....

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