Exim Bank's Government of India supported Line of Credit of USD 15 million to the Government of the Republic of Kenya

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..... Government of the Republic of Kenya Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 11, 2016 with the Government of the Republic of Kenya for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 15 million (USD Fifteen million only) for financing development of various small and medium enterprises in the Republic of Kenya. .....

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..... ed completion date of the project. 3. Shipments under the LOC will have to be declared on Export Declaration Form as per instructions issued by the Reserve Bank from time to time. 4. No agency commission is payable under the above LOC. However, if required, the exporter may use its own resources or utilize balances in its Exchange Earners Foreign Currency Account for payment of commission i .....

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