PREVIOUS
✖
INR denominated Line of Credit
October 27 , 2024
25 days
97
0
- 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.
Leave a Reply
Your Comment is awaiting moderation.