Explanation:

On January 22, 2020 the Export-Import Bank of India (EXIM bank) has extended $35.80 million (nearly Rs 250 crore) million Line of Credit (LoC) to South American country Suriname to fund its rural electrification programme through solar Diesel Generator (DG) hybrid Photo-Voltaic(PV) systems in Suriname’s 50 remote villages. Under the LoC, the projects covered include power, water supply, purchase of helicopters, and rehabilitation and upgradation of milk processing plant. Till date, India has extended 9 LoC to Suriname with total value of $124.98 million (nearly Rs.890 crores).