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INR denominated Line of Credit
October 27 , 2024
10 hrs 0 min
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- India has extended a new Line of Credit worth Rs 487.60 crore to the Government of Mauritius.
- This marks the first-ever rupee-denominated Line of Credit extended by India to any country.
- This is provided for project financing under the Indian Development and Economic Assistance Scheme (IDEAS).
- The IDEAS initiative supports the developmental projects in partner countries through concessional loans.
- The project will be financed by the State Bank of India on concessional terms.
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