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of <h1>Exim Bank India Sets Up $100M Credit Line with Rwanda for Agricultural Projects, Promoting Indian Goods and Services.</h1> Exim Bank of India has established a USD 100 million Line of Credit (LoC) with the Government of Rwanda, effective from April 2, 2019, to finance three agricultural projects: Warufu Multipurpose, Mugesera Irrigation, and Nyamukana Irrigation. The agreement mandates that at least 75% of the goods and services must be sourced from India, with the remaining 25% potentially sourced internationally. Shipments must comply with Reserve Bank guidelines, and no agency commission is payable. Authorised Dealer Category-I banks should inform exporters about the LoC details, available through Exim Bank's Mumbai office or website.
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