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India rolls over USD 50 million support to Maldives via SBI subscription of T-bill for one more year
New Delhi, September 18, 2025:
At the request of the Government of Maldives, the State Bank of India has subscribed for one more year to a USD 50 million Government Treasury Bill issued by the Maldivian Ministry of Finance, extending emergency budgetary support under a unique government‑to‑government arrangement, according to an official press release.
New Delhi has facilitated similar subscriptions and annual rollovers of such Treasury Bills by SBI since March 2019, with the support provided interest‑free to the Maldivian government, the statement noted.The release underscored that Maldives is a key maritime neighbour and an important partner in India’s Neighbourhood First policy and Vision MAHASAGAR—Mutual and Holistic Advancement for Security and Growth Across Regions—citing India’s assistance to the island nation in times of need.
It added that the latest subscription, alongside India’s earlier decision this year to extend a special quota for exports of essential commodities to Maldives and the re‑subscription of another Treasury Bill, reflects India’s continued support to the Maldivian government and people.