Discuss the role of Export-Import Bank in financing India’s foreign trade.
Contents
Role of Export-Import Bank in
Financing India’s Foreign Trade
EXIM Bank assists Indian exporters through the following financing programmes-
(I) Financing Programmes for Indian Exporters –
1. Pre-shipment Credit- This credit facility is provided to Indian exporters for the export of such things manufacturing cycle of which is 180 days or more.
2. Investment Loan to EOUS- EXIM Bank provides loan facility to EOUS. In 1997-98 Rs. 6.65 million were provided as loan to 51 units.
3. Production Equipment Finance Programme- Under this programming EXIM Bank provided financing facility to exporting companies.
In addition to above EXIM Bank has introduced following programmes-
- Working capital term loan,
- Comprehensive financing package for building export competitiveness,
- Export marketing finance,
- Export product development,
- Export vendor development,
- Post-shipment suppliers loan,
- Foreign trade guarantee programme,
- EPCG scheme,
- Deferred payment guarantee
- Advance-cum-performance guarantee
II. Financing Programmes for Commercial Banks
EXIM Bank offers following financing programmes for commercial bank –
- Refinance of suppliers credit,
- Export bills rediscounting,
- Bulk import finance,
- Financing programme for internal and foreign institutions,
- Bulk import finance.
III. Export Promotion Strategy
Export-Import Bank provides following types of facilities for export promotion
- Foreign currency pre-shipment credit,
- Maturity linked interest rates,
- European community investment partners programme.
- Asian country investment partners programme,
- Overseas investment,
- Export facilitation,
- Underwriting programme,
- Cluster of excellence programme,
- Product and process quality certification,
- Export service,
- Financing for establishment of software training institutes etc.
EXIM Bank publishes corporate profile. It also provides online database search facility.
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