❖ India has extended a new Line of Credit worth Rs 487.60 crore to the Government of Mauritius.

❖ This marks the first-ever rupee-denominated Line of Credit extended by India to any country.

❖ This is provided for project financing under the Indian Development and Economic Assistance Scheme (IDEAS).

❖ The IDEAS initiative supports the developmental projects in partner countries through concessional loans.

❖ The project will be financed by the State Bank of India on concessional terms.