Exim Bank overview.pdf - Export Finance CHAPTER u00ad XIII...

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Export Finance CHAPTER ­ XIII EXPORT­ IMPORT (EXIM) BANK OF INDIA The EXIM bank is a Statutory Corporation and is modelled on the lines of its well known foreign counterparts in the U.S. and Japan. Exim bank is set up on the recommendations of several committee and study groups such as the Alexander Committee, on Export­ Import (1977) and Tandon committee on Exports (1980) The EXIM Bank of India came into existence on January 1 1982, and started functioning from March 1 1982. It has its headquarters at Bombay and its branches at import centres in India and abroad. The Bank was carved out of the International Wing of IDBI. Export­Import Bank of India provides : 1. Financial assistance to promote Indian Exports through direct financial assistance. 2. Overseas Investment Finance 3. Term finance for Export production and Export development 4. Preshipment Credit 5. Line of Credit 6. Buyers Credit 7. Relending facility 8. Export Bills Rediscounting 9. Refinance to Commercial Banks 10. Finance for Computer Software Export 11. Finance for Export marketing & Bulk import finance to Commercial Banks 12. EXIM Bank also extends non­funded facility to Indian Exporters in the form of guarantee 13. Diversified lending programme of the EXIM bank now covers various stages of Exports i.e.. from the development of Export market to expansion of production capacity for exports, production for exports and post­shipment financing.
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14. The EXIM bank also focus on export of manufactured goods, project exports, exports of technology, services and export of Computer Software. 1. Financing Programme Deferred Payment Exports : Term finance is provided to Indian Exporters of eligible goods and services, which enable them to offer, deferred credit to overseas buyers. Deferred credit can also cover Indian Consultancy Technology and other service. Commercial Banks participate, in this programme directly or under risk syndication arrangements. 2. Pre­shipment Credit : Finance is available from EXIM bank for companies executing export contracts involving cycle time exceeding six months. The facility also enables provisions of rupee mobilisation expenses for construction/turn key project exporters. 3. Term Loan for Export production : Exim bank provides term loans/deferred payment guarantee to 100% export oriented units in free trade zones and computer software exporters. In collaboration with International Finance Corporation, Washington, EXIM Bank provides loans to enable small and medium enterprises to upgrade export production capability. 4. Facilities for Deemed Exports : Deemed Exports are eligible for funded and non­funded facilities from EXIM Bank. 5. Overseas Investment Finance : Indian companies establishing joint venture overseas are provided finance towards their equity contribution in the joint venture.
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