GOI-supported Line of Credit enables eligible Indian exports for Maldives projects subject to domestic sourcing and export conditions.

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Full Text of the Document

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....Government-supported Exim Bank Line of Credit supports financing of developmental projects in Maldives through eligible Indian exports that comply with the Foreign Trade Policy and financing terms. At least 75% of each eligible contract's goods, works and services must be supplied from India, while up to 25% may be sourced abroad. Individual credit agreements require project identification and approval. Disbursement ends 48 months after scheduled contract completion. Exporters must declare shipments through export declaration forms or shipping bills; agency commission is not payable under the facility.....