Please refer to BPRD Circular No. 21 dated 29th June, 1998 and BSD Circular No.22 dated 19th August, 2000 alongwith other instructions issued on the captioned subject from time to time.

2.      It has been decided that effective from 17th January , 2001, the maximum rate of finance to be charged by the banks from their borrowers under Export Finance Scheme for eligible commodities except bleached / unbleached cloth as also under export sales Part B of the Scheme for financing Locally Manufacturing Machinary shall be 9% Where refinance is obtained by the financial institution from the State Bank , the Bank will share in the overall profit of the financial institution concerned subject to a maximum of 7% p. a.

3.     In case of bleached / unbleached cloth the rates of finance from the borrowers and refinance from State Bank shall be 11% and 9% respectively.

4.     Suitable amendments may accordingly be made in ICD Circular Nos. 12 and 13 of November 13, 1994 and BSD CIrcular No. 22 dated 19th August, 2000.

5.     Other instructions on the subject shall remain unchanged.