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.
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