India provided Financial Support to Maldives

Published on August 07, 2020
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).
India provided Financial Support to Maldives
  • 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


Q.1 To which nation India has offered Line of Credit to support fishing facility sector?
a. Maldives 
b. Mauritius
c. Sri Lanka
d. Bali

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