Please refer to BPD Circular No.06 dated 27th February, 2003
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
April, 2003 shall be 2.5% 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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