Please
refer to BPRD Circular No. 21 dated 29th June, 1998 and BSD
Circular No.22 dated 19th August, 2000 alongwith other instructions
issued on the captioned subject from time to time.
2.
It has been decided that effective from 17th January , 2001,
the maximum rate of finance to be charged by the banks from
their borrowers under Export Finance Scheme for eligible commodities
except bleached / unbleached cloth as also under export sales
Part B of the Scheme for financing Locally Manufacturing Machinary
shall be 9% Where refinance is obtained by the financial institution
from the State Bank , the Bank will share in the overall profit
of the financial institution concerned subject to a maximum
of 7% p. a.
3.
In case of bleached / unbleached cloth the rates of finance
from the borrowers and refinance from State Bank shall be
11% and 9% respectively.
4.
Suitable amendments may accordingly be made in ICD Circular
Nos. 12 and 13 of November 13, 1994 and BSD CIrcular No. 22
dated 19th August, 2000.
5.
Other instructions on the subject shall remain unchanged.
|