Exim Bank’s Line of Credit (LOC) for USD 700 million to Govt of Mongolia for financing construction of Crude Oil Refinery Plant in Mongolia: The LoC facilitates the export of eligible Indian goods and services in alignment with the Foreign Trade Policy of India, subject to approval by Exim Bank. The disbursement period is up to 48 months following the scheduled completion date of the related contract. Exporters must declare shipments under the LoC in accordance with existing RBI procedures and are not entitled to agency commission payments from the LoC funds. (Link: RBI Notification 37/2025 Dated 16/05/2025)