The government of India on December 19 2011 handed over 177 tractors and 144 maize shellers to Malawi on a loan facility under Line of Credit Corporation from Exim Bank of India.
Malawi will repay the loan within 40 years. The loan is said to be valued at 55 million US dollars and was duly approved by the Malawi Parliament.
Zodiak Online
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February 16, 2012
Malawi receives US$ 55 million farm equipment loan from India
Categories India, Malawi, mechanization
