USD 2 billion fresh line of credit for Bangladesh from India announced

Q.  What amount of fresh line of credit was announced by PM Narendra Modi to support infrastructure development in Bangladesh?
- Published on 18 Jun 15

a. 1000 Million Dollars
b. 6 Billion Dollars
c. 2 Billion Dollars
d. 10 Million Dollars

ANSWER: 2 Billion Dollars
The credit line which carries a 1% interest rate and a payment period of 20 years with 5 years grace, will be used mostly to finance infrastructure so that trade and investment can be increased to the mutual benefit of both countries. The actual projects will be decided by the Bangladesh authorities in consultation with Indian High Commission and EXIM bank which is handling the credit line.

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