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of <h1>Exim Bank Offers $120M Credit to Rwanda for Agricultural Project; 75% Goods Sourced from India.</h1> Export-Import Bank of India (Exim Bank) has provided a Line of Credit (LOC) of USD 120.05 million to the Government of Rwanda, effective from December 2, 2014. This credit supports the Export Targeted Modern Irrigated Agricultural Project and its extension, with 75% of goods and services sourced from India. The LOC agreement was signed on October 26, 2013, and allows for Letters of Credit and disbursements up to 48 months for project exports and 72 months for supply contracts. No agency commission is payable, but exporters can use their resources for commission payments. Compliance with FEMA regulations is required.
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