Please
refer to BSD Circular No. 34 dated 28th September
2001 alongwith other instructions issued on the captioned
subject from time to time.
2.
It has been decided that effective 1st December
2001, the maximum rate at which State Bank would allow refinance
to banks on their disbursement to exporters under captioned
scheme shall be 8.5% p.a. The commercial banks shall however
ensure that where financing facilities are extended by them
for availing refinancing 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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