Please
refer to BPD Circular No. 30 dated 30th October,
2002 alongwith other instructions issued from time to time
on the captioned subject.
2.
It has been decided that the rate of refinance under the Export
Finance Scheme applicable for the month of December 2002 shall
be 5.5% p.a.
The commercial banks shall, however, ensure that where
financing facilities are extended by them to the exporters
for availing refinance facilities under the Export Finance
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.
|
