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September 2026
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FEMA & RBIExim Bank’s ₹4,850 crore line of credit to Maldives: at least 75% of contract value to be supplied from India, no agency commission — A.P. (DIR Series) Circular No. 22
₹4,850 crore LoC to MaldivesNew facilityRBI has notified the terms of the Government of India supported Line of Credit of ₹4,850 crore extended by Exim Bank to the Government of Maldives for developmental projects. The agreement is effective from 27 August 2026. Goods, works and services worth at least 75% of the contract price must be supplied from India, and no agency commission is payable on exports under the LoC.
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