Exim Bank’s GOI-supported Line of Credit (LOC) for Rs. 4,850 crores the Government of Maldives, for financing various developmental projects in Maldives

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.... Line of Credit (LOC) for Rs. 4,850 crores the Government of Maldives, for financing various developmental projects in Maldives Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 25, 2025, with the Government of the Republic of Maldives, for making available to the latter, Government of India supported Line of Credit (LoC) of Rs. 4,850 crores (Rupees Four Thousand ....

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....months after scheduled completion date of the contract. Individual Credit Agreements will be signed under the ambit of Umbrella LOC (for a minimum value of Rs. 500 crores) subsequent to identification and approval of the projects to be financed under each individual credits under the LOC. 3. Shipments under the LoC shall be declared in Export Declaration Form/Shipping Bill as per instructions i....