Please refer to IH & SMEFD Circular No. 04 dated July 12, 2016 on the captioned subject.
2. It has been decided to increase the markup rate for financing under Export Finance Scheme (EFS) by 2.5% in line with the increase in policy rate announced in the MPC meeting today. Accordingly, the markup for Export Finance Scheme (both Part I and Part II) will be 5.5% p.a. with effect from April 08, 2022 till further instructions. Banks' spread for corporate borrowers and SME borrowers will remain unchanged i.e. 1% & 2% respectively.
3. This revision in rates will not be applicable on financing under Rupee-based discounting facility of EFS.
4. Other instructions on the subject shall remain unchanged.