Please
refer to BPD Circular No. 26 dated 28th September,
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 for the month of November, 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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