Please
refer to BPD Circular No. 22 dated 30th August,
2002 alongwith other instructions issued from time to time
on the captioned subject.
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 October 2002. The commercial banks shall, however, ensure
that where they extend financing facilities 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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