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 PDF | 803 kb

GOI Guidelines on LOCs- French PDF | 407 kb

LOC Brochure - English PDF | 608 kb

LOC Brochure - French PDF | 871 kb

Dos & Don’ts for Procurement under GOI-supported LOCs PDF | 165 kb

Dos & Don’ts for Procurement under GOI-supported LOCs- French PDF | 393 kb

Project Preparation Facility for Government of India Lines of Credit PDF | 2340 kb

Project Preparation Facility - French PDF | 606 kb

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 July 02, 2021

  • Exim Bank's Operative Lines Of Credit

    02 July 2021 | XLS | 71 kb

Exim Bank's Pipeline Lines of Credit as on July 02, 2021.

  • Exim Bank's Pipeline Lines Of Credit

    02 July 2021 | DOC | 23 kb

Invitation to Tenders / Pre-Qualification

  • BENIN(EBID): ADDENDUM NO.1: PREQUALIFICATION OF INDIAN ENTITIES FOR SUPPLY AND INSTALLATION OF MEDICAL EQUIPMENT IN THE REPUBLIC OF BENIN

    26-Jul-2021 | PDF |

  • Myanmar: Addendum No.1: Prequalification of Engineering, Procurement and Construction (EPC) Contractors for Kunn Chaung Irrigation System Project [LOT-I] and Yenwe Irrigation System Project [LOT –II] in the Republic of Myanmar

    23-Jul-2021 | PDF |

  • Bangladesh: Construction of Non-interlocked color lighting signalling works for all stations (09) including construction of Telecommunication system with optical fibre under Khulna-Mongla port rail Line Project

    19-Jul-2021 | PDF |

  • Bangladesh: Corrigendum to Invitation for Tender for “Establishment of Sheikh Hasina Medical College and Hospital & Nursing College, Jamalpur” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    19-Jul-2021 | PDF |

  • Bangladesh: Corrigendum to Invitation for Tender for “Establishment of Sheikh Hasina Medical College and Hospital & Nursing College, Jamalpur” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    19-Jul-2021 | 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 (WD A, WD B and WD C)

    14-Jul-2021 | PDF |

  • Bangladesh: Corrigendum to Invitation for Tender for “ Design, Supply, Installation, Testing & Commissioning of Jamuna River Crossing Portion of Bogura-Kaliakair 400kV Double Circuit Transmission Line on Turnkey Basis (Package-01, Lot-03)” under Exim Bank’s GOI-supported Line of Credit of USD 2 billion to the Government of Bangladesh

    01-Jul-2021 | PDF |

  • Myanmar: Prequalification of Engineering, Procurement and Construction (EPC) Contractors for Kunn Chaung Irrigation System Project [LOT-I] and Yenwe Irrigation System Project [LOT –II] in the Republic of Myanmar.

    25-Jun-2021 | PDF |

  • Benin(EBID): Pre-qualification of Indian Entities for supply and installation of medical equipment in the Republic of Benin

    24-Jun-2021 | PDF |

  • Bangladesh: Corrigendum to Invitation for Tender for “Establishment of Sheikh Hasina Medical College and Hospital & Nursing College, Jamalpur” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    22-Jun-2021 | PDF |

  • Bangladesh: Corrigendum to Invitation for Tender for “Establishment of Sheikh Hasina Medical College and Hospital & Nursing College, Jamalpur” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    22-Jun-2021 | PDF |

  • Bangladesh: Invitation for Tender for “Establishment of Sheikh Hasina Medical College and Hospital & Nursing College, Jamalpur” under Exim Bank’s GOI supported Line of Credit of USD 2 billion to the Government of Bangladesh

    22-Jun-2021 | PDF |

  • Bangladesh: Invitation for Tender for “Design, Supply, Installation and Testing-Commissioning of Computer Based Interlocked Signalling system at 7 stations in connection with construction of 3rd and 4th Dual Guage Track in Dhaka-Tongi section and doubling of 3rd and 4th Dual Guage Track in Tongi-Joydebpur section

    21-Jun-2021 | 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 (WD A, WD B and WD C)

    14-Jun-2021 | PDF |

  • Maldives: Addendum No.3: Prequalification of Engineering, Procurement and Construction (EPC) /Construction Contractor for Redevelopment of Hanimaadhoo International Airport in the Republic of Maldives.

    07-May-2021 | 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 (WD A, WD B and WD C)

    04-May-2021 | PDF |

  • Bangladesh: Invitation for Tender for “ Design, Supply, Installation, Testing & Commissioning of Jamuna River Crossing Portion of Bogura-Kaliakair 400kV Double Circuit Transmission Line on Turnkey Basis (Package-01, Lot-03)” under Exim Bank’s GOI-supported Line of Credit of USD 2 billion to the Government of Bangladesh

    28-Apr-2021 | 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 (WD-C)

    14-Apr-2021 | 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 (WD-A and WD-B)

    22-Mar-2021 | 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 (WD-B)

    22-Mar-2021 | 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 (WD-A)

    22-Mar-2021 | 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 (WD-A and WD-B)

    20-Mar-2021 | PDF |

  • Bangladesh: Addendum-03 : Prequalification of Project Management Consultants [PMC] for Upgradation of Mongla Port in Bangladesh

    18-Mar-2021 | PDF |

  • Discontinuation of empanelment of [i] Engineering, Procurement and Construction (EPC) contractors [ii] Construction Contractors (CC) [iii] Project Management Consultants (PMC), and [iv] Lender’s Independent Engineer (LIE) consultants, for projects to be funded under Exim Bank’s GOI-supported Lines of Credit

    24-Feb-2021 | PDF |

  • EXPRESSION OF INTEREST (EOI) FOR CONTINUOUS EMPANELMENT OF DETAILED PROJECT REPORT (DPR)

    24-Feb-2021 | PDF |

Government of India - Lines of Credit Statistics

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Discontinuation of empanelment of [i] Engineering, Procurement and Construction (EPC) contractors [ii] Construction Contractors (CC) [iii] Project Management Consultants (PMC), and [iv] Lender’s Independent Engineer (LIE) consultants, for projects to be funded under Exim Bank’s GOI-supported Lines of Credit.

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