Current Context: India has offered a Line of Credit to the island nation Maldives to support and expand its fishing facility at MIFCO (Maldives Industrial Fisheries Company).
- A-Line of Credit worth 18 million US dollars is offered by India.
- This financial support will increase investment in fish collection and storage facilities.
- This will also help to set up tuna cooked plant and fish meal plant in the Maldives.
- The amount will be utilised to develop a 50-tonne ice plant in Gemanafushi, Gaafu, Dhaalu Atol.
- Static Part:
- Capital of Maldives: Male
- Currency of Maldives: Maldivian Rufiyaa
Question:
Q.1 To which nation India has offered Line of Credit to support fishing facility sector?
a. Maldives
a. Maldives
b. Mauritius
c. Sri Lanka
d. Bali
c. Sri Lanka
d. Bali
