India has offered to provide a credit line of worth one billion dollars to Nepal during the Prime Minister Narendra two day visit.

Nepalese Finance Minister Ram Sharan Mahat informed after the conclusion of the bilateral talks between the two sides. Earlier india had provided 250 million rupees line of credit through the EXIM Bank of India .

Besides, India has provided 69 million rupees to procure and distribute Iodised salt in the rural areas of Nepal.

A Memorandum of Understanding to this effect was signed in the presence of visiting Indian Prime Minister Narendra Modi and Prime Minister Sushil Koirala. The MOU aims to address the health problems faced by Nepali people due to Iodine deficiency in far-flung area in the country.

The two governments also signed MOUs regarding the amendment of Terms of Reference of Pancheshwor Multipurpose Project on the Mahakali river as well as for the cooperation between two national broadcasting channels–Nepal Television and Doordarshan.

At the conclusion of the bilateral talks, both Prime ministers singed the commemorative cover to be published by the Nepal Philatelic Bureau to mark the historic high-profile Indian visit to Nepal.