Cabinet approves proposal to permit utilization of India's capital contribution to SAARC Development Fund for its Economic and Infrastructure Windows
"The approval will help in promoting projects such as cross border infrastructure. Such projects will help improve intra-SAARC trade and growth potential of the SAARC region, and also in promoting financial inclusion and social security to disadvantaged/vulnerable sections of society in the region," read a government statement.
There are no additional financial implications for India, as it only entails a restructuring of India's capital contribution to the SDF, the government said.
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