Explanation:

• The government will provide a soft loan of USD 100 million to Mauritius for the procurement of defence items by the island nation.
• The Export-Import Bank of India (Exim Bank) has entered into an agreement for USD 100 million line of credit to Mauritius for procurement of defence items from India.
• Under the agreement, India will export eligible goods and services to Mauritius. Line of credit or soft loans are charged at nominal rate of interest.