Google News
logo
Daily Current Affairs
Exim Bank provided a soft loan of _____ to Mauritius for the procurement of defence items?
A)
USD 110 million
B)
USD 100 million
C)
USD 90 million
D)
USD 80 million

Correct Answer : Option (B) - USD 100 million


* The Export-Import Bank of India (Exim Bank) has signed an agreement with Mauritius.
* Under the agreement, Exim Bank will provide a soft loan of USD 100 million to Mauritius.
* The loan will be utilised for the procurement of defence items by the island nation.
* The rate of interest associated with the Line of credit support will be a nominal value.
* Out of the total credit support, goods, works and services of the value of at least 75% of the price mentioned in the contract will be supplied by the seller from India and the rest of 25% of goods and services will be procured by the seller from outside India.

Published On : August 15, 2021
Advertisement