Circulars/Notifications - Banking Supervision Department  
 BSD Circular No. 48
27th  December,  2001  

All Banks, 

Dear Sirs,

EXPORT  FINANCE  SCHEME

 

Please refer to BSD Circular No.44  dated  21st  November,  2001 along with other instructions issued on the captioned subject from time to time. 

2.         It  has been decided that effective  from  1st  January,  2002, the rate at which State Bank would allow refinance to banks on their disbursement to exporters  under the captioned  scheme shall be  8% p.a.  The commercial banks shall, however, ensure that where financing facilities are extended by them 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.

Yours faithfully,
(Shoaib Ahmed)
Senior Joint Director
       
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