Additional
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Description
Institutions involved in export finance:
- Export Import bank
- Commercial banks, both nationalized and non-nationalized
- Development banks such as IDBI, ICICI, etc.
- Small Industries Development Bank of India
- State Finance Corporations
- National Small Industries Corporation
- Export Credit Guarantee Corporation. All the above institutions are providing finance for exporters directly as well as indirectly. They are also guaranteeing for the loans given by foreign banks. The foreign banks are giving offshore lending which our Indian banks are yet to take up. In offshore lending, loans are given in foreign exchange enabling the foreign buyers to purchase goods from the domestic producer. There is also export finance given to deem exports which consists of finance made...
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Published On:
04/21/2020
Last Updated:
04/21/2020
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2 page(s)
Word Count:
646
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additional-29.docx
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