Lines of Credit

Entering and conquering new vistas of growth

From our inception we have been extending Lines of Credit (LOC) to enable Indian exporters to enter new geographies or expand their business in existing export markets without any payment risk from overseas importers. We put special emphasis on extending LOC as an effective market entry tool as well as a means of market diversification for Indian exporters.

We extend LOCs to overseas financial institutions, regional development banks, sovereign governments and other entities overseas, to enable buyers in those countries to import developmental and infrastructure projects, equipments, goods and services from India, on deferred credit terms. We extend LOCs on our own and also at the behest and with the support of Government of India.

Government Of India Supported LOCs

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In 2003-04, The Government of India (GOI) formulated the Indian Development Initiative (IDI), now known as Indian Development and Economic Assistance Scheme (IDEAS) with the objective of sharing India's development experience through:

  1. capacity building and skills transfer,
  2. trade, and
  3. infrastructure development,

by extending concessional LOCs routed through Exim Bank, to developing partner countries, towards creating socio-economic benefits in the partner country.

The Ministry of External Affairs (MEA) has now set up the Development Partnership Administration (DPA) Division to deal with India's development assistance programmes abroad, including LOCs routed through Exim Bank. These LOCs are increasingly being extended to partner countries for large-scale and complex projects (project exports from India).

Both, bilateral and multilateral assistance, typically follow a sequence of standard procedures:

  1. project identification and preparation,
  2. review and approval of the project proposal,
  3. offer of the loan, acceptance and execution of loan agreement,
  4. project implementation, monitoring and supervision, and
  5. socio-economic impact assessment after project completion

Lessons learned from the impact assessment / evaluation act as a feedback to the preparation, review and implementation of future projects. This process forms the 'project cycle'.

Project Lifecycle

Requirement as to import of goods and services from India

  • These loans are for project exports and the import of goods and services from India.

  • Goods and services (including consultancy services) for minimum 75% value of the contracts covered under these loans must be sourced from India. (A relaxation of 10% may be considered on a case-to-case basis)

  • LOCs may finance upto 100% value of contract on FOB/CFR/CIF/CIP basis.

  • Soft loans under the scheme shall be free from all kinds of taxes and duties of any nature whatsoever levied in the recipient country (including all corporate/personal/value added taxes, import/custom duties, special levies and social security contributions) for temporary employees deputed by Indian exporters in relation to the project execution in the recipient countries.

GOI Guidelines on LOCs

GOI Guidelines on LOCs- French

LOC Brochure - English

LOC Brochure - French

Handbook on Lines of Credit

Handbook on Lines of Credit- French

Dos & Don’ts for Procurement under GOI-supported LOCs

Dos & Don’ts for Procurement under GOI-supported LOCs- French

Project Preparation Facility for Government of India Lines of Credit

Project Preparation Facility - French

Exim Bank's own commercial Lines of Credit

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To promote Indian projects, products and services we have been extending LOCs to various countries. Our own LOCs are offered to economically strong and developing countries. We finance all items eligible for being exported under the "Foreign Trade Policy" of the Indian Government. Our LOCs are typically linked to LIBOR rates and carry a tenor up to seven years.


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Requirements for import of goods and services in India

  • Goods and services for minimum 75% value of the contracts covered under these LOCs must be sourced from India.

  • Advance Payment of at least 10% of the value of the contract to be borne by the LOC recipient/foreign buyer.

  • LOCs may finance upto 90% value of contract on FOB/CFR/CIF/CIP basis.

  • Pre-shipment inspection of equipment/goods is mandatory.

EXIM
Advantage

  • Increase export of goods, services and projects from India

  • Improving bilateral trade relations with other developing nations

  • Eliminating payment risk for importers

  • Streamlined processing and quick turnaround

Downloads

Exim Bank's Operative Lines Of Credit as on January 1, 2020

  • Exim Bank's Operative Lines Of Credit

    1 January 2020 | XLS

Exim Bank's Pipeline Lines of Credit as on January 1, 2020.

  • Exim Bank's Pipeline Lines of Credit

    1 January 2020 | DOC

Invitation to Tenders / Pre-Qualification

  • Bangladesh: 2nd Corrigendum to Invitation for Tender for “Detailed Engineering, Procurement and Construction works for Establishment of IT/Hi-Tech Park at District level (12 Districts)” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    17-Jan-2020 | PDF

  • Togo: Addendum No. 1 - Prequalification of Engineering, Procurement and Construction (EPC) Contractor for Upgradation of Electricity Distribution Capacity in Major Cities of Togo.

    10-Jan-2020 | PDF

  • Guyana : Addendum 1: Pre-Qualification of Consultants for Upgradation of Three Regional Hospitals in the Cooperative Republic of Guyana

    08-Jan-2020 | PDF

  • Ghana: Addendum 1: Prequalification of Indian consultancy firms for appointment as Consultant for preparation of Detailed Project Report (DPR) and also to act as Project Management Consultant (PMC) for the project ‘Rehabilitation and Up-gradation of Potable Water System in Yendi, Ghana. Deadline for submission bids: January 20, 2020.

    27-Dec-2019 | PDF

  • Bangladesh: Corrigendum to Invitation for Tender for “Detailed Engineering, Procurement and Construction works for Establishment of IT/Hi-Tech Park at District level (12 Districts)” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    30-Dec-2019 | PDF

  • Cuba: Application Document for Prequalification of Indian Consultants for preparation of Detailed Project Report (DPR) For Setting-up of fifteen (15) Solar Photovoltaic Parks having total generation capacity of 75 MW , connected to the grid and spread across five (5) provinces (viz. Cienfuegos, Camagüey, Granma, Santiago de Cuba and Guantánamo) of the Republic of Cuba.

    27-Dec-2019 | PDF

  • Prequalification of Indian Consultant for preparation of Detailed Project Report (DPR) in Cuba. Last Date of Submission January 15, 2020.

    16-Dec-2019 | PDF

  • Bangladesh: Invitation for Tender for “Procurement for supply, installation, testing and commissioning of Specialized Lab on Turnkey basis under project for Establishment of IT/Hi-Tech Park at District level (12 Districts)” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    12-Dec-2019 | PDF

  • Togo: Prequalification of Engineering, Procurement and Construction (EPC) Contractor for Upgradation of Electricity Distribution Capacity in Major Cities of Togo

    11-Dec-2019 | PDF

  • Guyana: Prequalification of Consultants for Project Management Consultancy (PMC) Services including Preparation of Detailed Project Report (DPR) for the Upgrade of Three Regional Hospitals in the Co-operative Republic of Guyana

    10-Dec-2019 | PDF

  • Ghana: Prequalification of Indian consultancy firms for appointment as Consultant for preparation of Detailed Project Report (DPR) and also to act as Project Management Consultant (PMC) for the project ‘Rehabilitation and Up-gradation of Potable Water System in Yendi, Ghana

    04-Dec-2019 | PDF

  • Senegal: Addendum 1: Pre-qualification of consultants for upgradation and rehabilitation of health care system

    29-Nov-2019 | PDF

  • Bangladesh: Invitation for Tender for “Detailed Engineering, Procurement and Construction works for Establishment of IT/Hi-Tech Park at District level (12 Districts)” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    20-Nov-2019 | PDF

  • Senegal - Prequalification of Consultants for Project Management Consultancy (PMC) Services for Upgradation and Rehabilitation of Health Care System in Senegal – Last Date of Submission December 02, 2019

    03-Nov-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Construction Contractors (CC).

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of EPC contactors

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Lender Independent Engineer (LIE)

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Project Management Consultants (PMC)

    07-May-2019 | PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Detailed Project Report (DPR)

    07-May-2019 | PDF

  • EOI for continuous empanelment of DPR - April 2019

    15-Apr-2019 | PDF

  • Checklist for Empanelment

    25-Mar-2019 | PDF

Government of India - Lines of Credit Statistics

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APPLICATION DOCUMENTS FOR EMPANELMENT OF CONSULTANTS, EPC AND CONSTRUCTION CONTRACTORS

  • Checklist for Empanelment

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Detailed Project Report (DPR)

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Project Management Consultants (PMC)

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Lender Independent Engineer (LIE)

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of EPC contactors

    PDF

  • Expression of Interest (EOI) for Continuous Empanelment of Construction Contractors (CC)

    PDF

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