Exim Bank's Government of India supported Line of Credit of USD 2.5 million to the Government of Madagascar

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.... Bank of India (Exim Bank) has entered into an agreement dated May 5, 2017 and amendatory agreement dated February 5, 2018 with the Government of Madagascar for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 2.5 million (USD Two million and five hundred thousand only) for the purpose of financing the completion of unfinished fertilizer plant project cov....

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....nal utilization period is 60 months after the scheduled completion date of the project. 3. Shipments under the LoC shall be declared in Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable for export under the above LoC. However, if required, the exporter may use his own resources or utilize balances in his Exchange Earners'....