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<h1>Exim Bank Sets Up EUR 100 Million Credit Line with Banco Exterior de Cuba for Indian Rice Procurement.</h1> Exim Bank has established a Short-Term Line of Credit (STLoC) of EUR 100 million with Banco Exterior de Cuba to finance rice procurement from India. The agreement, effective September 9, 2022, mandates that 75% of goods and services must be sourced from India, with the remaining 25% potentially sourced internationally. The credit is operational for eight months from contract inclusion. Shipments must comply with Reserve Bank export declaration requirements. No agency commission is payable, but exporters can use their own resources for commission payments. Authorized Dealer banks are instructed to inform exporters about the STLoC details.