Please
refer to BPD Circular No. 07 dated 27th April,
2002 alongwith other instructions issued on the captioned
subject from time to time.
2.
It has been decided that rate of refinance under the
Export Finance Scheme notified vide our BPD Circular No. 04
dated 30th March, 2002 i.e. 6.5% per annum shall continue
to be applicable during the month of June, 2002.
The commercial banks shall, however, ensure that where
financing facilities are extended by them to the exporters
under the Scheme, their maximum margin / spread does not exceed
1.5% p.a.
3.
The financing facilities under Part-B (Export Sales)
of the Scheme for financing Locally Manufactured Machinery
shall also attract similar mark up rate structure.
4. Other instructions
on the subject shall remain unchanged
Please
acknowledge receipt.
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