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of <h1>Exim Bank India Sets $15M Credit Line for Senegal to Boost SME and Agri Exports by 2007.</h1> The Export-Import Bank of India has established a USD 15 million Line of Credit with the Government of Senegal, effective from February 9, 2005. This credit facilitates the export of Indian goods and services, particularly for developing rural small and medium enterprises and agricultural machinery in Senegal. The deadline for opening letters of credit is February 8, 2007, with disbursement by August 8, 2007. Exporters must declare shipments on GR/SDF Forms, and agency commissions are not typically covered under this credit. Authorized banks should inform exporters to seek further details from Exim Bank. This directive is issued under the Foreign Exchange Management Act, 1999.
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