Please
refer to BPD Circular No. 15 dated 28th June 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 August 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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