Topic
Export Credit
Trade Finance EXIM Bank to Be Implementing Agency for Interest Subvention Support for Exporters: DGFT
The Directorate General of Foreign Trade (DGFT) has formally approved the transition of the interest subvention scheme for pre- and post-shipment export credit from the Reserve Bank of India (RBI) to EXIM Bank, effective April 1, 2026. EXIM Bank will handle portal management, verification, and claim settlement, while the RBI will process supplementary claims for the January-March 2026 quarter.
Trade Finance India, Bhutan Sign Two Agreements on Line of Credit, Health Education Cooperation During Misri's Visit
India and Bhutan signed two agreements during Foreign Secretary Vikram Misri's visit, including an Umbrella Line of Credit Agreement between the Royal Government of Bhutan and EXIM Bank of India operationalising a concessional Line of Credit of Rs 4,000 crore for energy projects. The second agreement was an MoU between AIIMS New Delhi and Khesar Gyalpo University of Medical Science of Bhutan on health education and training.
Trade Finance India, Bhutan Sign Rs 4,000-Crore Line of Credit Agreement at Development Talks
India and Bhutan signed a Rs 4,000-crore Line of Credit agreement during the fifth India-Bhutan Development Cooperation Talks, which reviewed projects under Bhutan's 13th Five-Year Plan. The talks also saw 45 electric vehicles handed over to Bhutan under green mobility initiatives, with India reaffirmed as Bhutan's largest development partner.
Trade Finance India and Seychelles Conclude Rs 1250 Crore Umbrella Line of Credit in Rupees
India and Seychelles have concluded an umbrella line of credit agreement worth Rs 1250 crore, extended in rupees, to fund priority development projects in Seychelles. The agreement was announced during Prime Minister Narendra Modi's three-day state visit to Seychelles, which also saw a UPI MoU and an extradition treaty.