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<h1>Exim Bank of India Grants $37.65M Credit to Cameroon for Agricultural Projects, Effective May 29, 2009.</h1> Exim Bank of India has established a Line of Credit (LOC) of USD 37.65 million to the Government of the Republic of Cameroon, effective from May 29, 2009. This credit will finance the Maize and Rice Farm Plantation Projects, involving the purchase of tractors, irrigation pumps, and other agricultural equipment from India. At least 85% of the contract value must be sourced from India, with the remaining 15% allowed from outside. The credit agreement stipulates deadlines for opening Letters of Credit and disbursement, and no agency commission is payable under this LOC. Compliance with FEMA regulations is required.