Facilities provided to exporters & Importers by bank

[Preeti Dangiya]

Hey guys,

Please help me with info on my project on "Facilities provided to exporters & Importers by bank"

[Preeti Dangiya]

Need help guys...pls revert......................

[Kalpana Heliya]

Need help guys...pls revert......................

Facilities Available To Exporters And Importers

Exporters

* Exporters are provided timely and adequate credit to meet the exports commitments.

* Exporters are allowed pre and post-shipment credit at competitive interest rates.

* Export Credit is made available both in Indian Rupee and Foreign Currency as well.

* All eligible exporters are issued ‘GOLD CARD HOLDER” status. In addition to better terms of credit, an additional ‘in principle’ export credit (standby) limit of 20% is sanctioned to Gold Card Holder Exporters for a period of 3 years to meet their urgent credit needs for executing sudden export orders.

* ‘GOLD CARD HOLDER’ Exporters’ requests are processed quickly within 25 days / 15 days and 7 days for fresh applications / renewals of limit and ad hoc limits, respectively.

* ‘GOLD CARD HOLDER’ exporters are given preference in disbursal of foreign currency loans under PCFC.

IMPORTERS

* We provide import loan at attractive rates to importers of imported inputs and capital goods.

* Import loan is allowed in Indian Rupee and in Foreign Currency.

* To enable importers avail of credit for their purchases, we also issue Documentary Credits (Letter of Credit and Standby Letter of Credit) favouring overseas supplier.

* Import LCs are issued and transmitted by fastest electronic means using ‘SWIFT’ systems.

* "Trade Credit" is arranged for importers in line with RBI guidelines. We arrange ‘Buyers’ Credit’ and ‘Suppliers’ Credit’. We issue Letter of Credit, Letter of Comfort, Letter of Undertaking to facilitate importer arrange for ‘Trade Credit’ at better rates.

[Preeti Dangiya]

Thanks a lot Kalpana....................let me know if you have soem detailed notes on these