Please
refer to SMEFD Circular No. 20 dated December 30, 2009
on the captioned subject.
2. It has been decided that rate of refinance under
the Export Finance Scheme applicable from April 1, 2010
and onward till further instructions shall be 8% p.a.
The commercial banks shall 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% 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. The reimbursement of mark-up rate benefit to exporters,
on excess performance under Part-II of the Scheme, as
specified in SMEFD Circular No.15 dated October 31,
2009, will be adjusted accordingly keeping in view the
revised mark-up rates.
5.
Other instructions on the subject shall remain unchanged.
Please acknowledge receipt.