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Please
refer to BPD Circular No. 34 dated 29th November,
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 applicable for the month of January, 2003 shall be
4.5% 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.
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