New Delhi: India has extended a $50 million Treasury Bill for another year to the Maldives government upon its request, despite recent bilateral tensions.The State Bank of India has subscribed for one more year to the $50 million Government Treasury Bill, issued by the Ministry of Finance of Maldives, upon maturity of the previous subscription, the High Commission of India said in a brief statement on Monday (May 14), news agency Press Trust of India reported.SBI subscribes to these Government Treasury Bills through a government-to-government arrangement, providing them to the Maldives at no cost, without any interest.The decision was made following a request from the Maldives’ foreign minister during a bilateral visit.The Maldivian government on Monday thanked India for its support.“I thank EAM @DrSJaishankar and the Government of #India for extending vital budgetary support to the Maldives with the rollover of USD 50 million Treasury Bill. This is a true gesture of goodwill which signifies the longstanding friendship between #Maldives and #India,” Foreign Minister Moosa Zameer tweeted.I thank EAM @DrSJaishankar and the Government of #India for extending vital budgetary support to Maldives with the rollover of USD 50 million Treasury Bill. This is a true gesture of goodwill which signifies the longstanding friendship between #Maldives and #India. @HCIMaldives… https://t.co/MKeUbs6C0e— Moosa Zameer (@MoosaZameer) May 13, 2024India has been providing significant budgetary assistance for developmental projects in the Maldives.Amid strained relations, Maldives announced that the 76 Indian military personnel in the country have been replaced with civilian employees of the Hindustan Aeronautics Limited to operate helicopter and platforms gifted by India.