Please
refer to BPD Circular No. 14 dated 30th May
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 July, 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.
|