Please
refer to BSD Circular No. 11 dated 26th February
2002 alongwith other instructions issued on the captioned
subject from time to time.
2.
It has been decided that effective from 1st April 2002
the rate at which State Bank would allow refinance to banks
on their disbursement to exporters under the captioned scheme
shall be 6.5% 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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