Introduction :
Exim Bank was established under Exim Bank Act 1981for for providing financial assistance and services in export and import trade in India.
Operations of Exim Bank :
1) For importers and exporters
2) For banks
3) For foreign government, importers and institutions
4) For deferred payment export
5) For assistance to project export / turnkey project / construction projects
6) Guaranteeing of obligations
Exim Bank – Financing Programs
For Importers and Exporters : ¨Supplier’s credit ¨Consultancy and technology services ¨Pre-shipment credit ¨Project finance to export oriented units ¨Import finance ¨Overseas investment finance ¨Financing of medium term export bill through forfaiting
For Banks : ¨Export bills rediscounting ¨MSE export bill rediscounting ¨Refinance of export credit ¨Refinance of term loans ¨Guarantees
For Foreign Governments, Importers and Institutions : ¨Overseas buyer’s credit ¨Lines of credit ¨Relending facilities to overseas banks
Deferred Payment Export/ Project Programs : ¨Group A : capital and production goods ¨Group B : consumer durable and industrial manufacture
Assistance to Project Export/Turnkey Project/Construction Projects :
Non funded Facilities : ¨Bid bond, Advance payment Guarantee, Performance guarantee, Guarantee for Raising/Borrowing overseas and other guarantees
Funded Facilities : ¨Pre-shipment and Post-shipment credit in rupee as well as in foreign currency, Foreign currency loans
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