Please
refer to BPD Circular No. 37 dated 30th December,
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 February, 2003
shall be 4% 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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