The Cabinet cleared a proposal to provide Rs. 700 crore as capital funds to Export-Import Bank of India (Exim Bank) during current financial year to support the future growth of the Bank.The decision will allow the Exim Bank to delegate the authority for release of capital funds in future to the Finance Minister in line with the budgetary provisions approved by Parliament.The infusion will ensure compliance to the regulatory norms on capital adequacy, cater to the credit needs of productive sectors of economy as well as to withstand impact of stress in the economy. This will also boost the confidence of exporters.