International RelationsGS3-Economy
India Extends Rupee-Denominated Line of Credit to Mauritius
India extended its first-ever rupee-denominated Line of Credit to Mauritius under the Indian Development and Economic Assistance Scheme (IDEAS).
October 18, 2024
Key Points
- 1India extended a new Line of Credit for 487.60 crore rupees to the Mauritius government.
- 2This is the first-ever rupee-denominated Line of Credit extended by India for project financing under the Indian Development and Economic Assistance Scheme (IDEAS).
- 3The project envisages replacing approximately 100 kilometers of obsolete water pipeline in Mauritius.
- 4The Line of Credit is financed by the State Bank of India at concessional terms.
- 5External Affairs Minister Dr. S. Jaishankar made the formal offer to his Mauritian counterpart, Maneesh Gobin.
Important Terms
Line of CreditMauritiusIDEASRupeeWater Pipeline
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Last Updated: 7/21/2025