Line of credit: GK, Current Affairs, Questions, Trivia and News

India inks agreement with Bangladesh for upgradation of Road into Highway

With the aim to strengthen connectivity between the North-Eastern region of India and Bangladesh, An agreement was signed by India with Bangladesh on Saturday, 25th January 2020 to upgrade 50.58 km road between Ashuganj river port and Akhaura in Bangladesh into 4-lane highway. This is the part of $2 billion Line of Credit extended by ..

EXIM Bank extends Rs 250 Crore LOC to Suriname

The Mumbai headquartered Export-Import Bank of India (EXIM Bank) on Wednesday, 22nd January 2020, on behalf of the Government of India has extended a Line of Credit (LOC) of Rs 250 crore (USD 35.80 million) to the South American country, Republic of Suriname. The LOC was provided to fund the rural electrification system through Solar ..

USD 500 million Line of credit to Bangladesh for Defence Procurement

Export and Import Bank of India (EXIM) has entered into an agreement with Bangladesh’s Armed Forces Division on 11th April this year for making a Government of India supported USD 500 million Line of Credit for Defence Procurements. The agreement under the Line of Credit is effective from the 7th of November 2019, with the ..

India extends LOC to Guinea

India extended Line of Credits(LOC) to Guinea on Thursday, 5th December 2019 during the visit of Guinea’s Minister of Foreign Affairs and Guineans Abroad, Mamadi Toure to India from 2-5 December 2019. Minister of External Affairs, S.Jaishankar held bilateral discussions with Mamadi Toure in New Delhi followed by the signing of LOC: 1)Signature for LOC ..

Prime Minister announces USD 450 million Line of Credit to SriLanka

Making his first overseas visit as the newly elected SriLankan President, Gotabaya Rajapaksa, arrived in New Delhi yesterday on a three-day visit to India, met the Indian Prime Minister Narendra Modi and President Ram Nath Kovind today, November 29, 2019. After a fruitful meeting with the SriLankan President, Prime Minister Narendra Modi had announced a ..

Kisan Credit Card Scheme

The aim of Kisan Credit Card Scheme (KCC) is to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during their cultivation for purchase of inputs etc., during the cropping season. Credit card scheme proposed to introduce flexibility to the system and improve cost efficiency. Memorable Points:1. ..