India Extends ₹417 Crore Annual Financial Aid To Maldives Amid Strengthening Ties

India is extending its financial support to the Maldives by providing ₹417 crores annually as emergency assistance for another year. The Indian High Commission in Male confirmed that the State Bank of India (SBI) purchased Maldives government bonds on Sept 19. This move reflects India’s commitment to strengthening its ties with the Maldives and supporting the country’s economic stability.