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1. Objectives of the scheme
Eligible exporters, depending upon their track record and credit worthiness, are granted better terms of credit.
2. Eligibility
- All exporters including those in the small and medium
sectors who satisfy the laid down guidelines.
- Exporters whose accounts have been classified as
"Standard", having satisfactory track record, earning profits
for the past 3 years and not having overdue export bills in excess of 10
per cent of the current year's turnover.
3. Fixation of limits
·
Working capital limit (in-principle limit) may be
sanctioned for a period of 3 years with a provision for renewal subject to
fulfilment of terms & conditions and review of the performance of the
exporter at the end of every year with provision to step up the limits within
the overall limit assessed originally or reassess the total limits if the
performance is much beyond the estimated level.
·
The facility under Gold Card scheme may be withdrawn
and brought under the normal export credit channel if it is found during annual
review that the performance is not up to the anticipated level.
·
A Standby limit of 20% of the assessed limit may be
additionally made available to facilitate urgent credit needs for executing
sudden orders.
4. Rate of interest
·
Export Credit (both pre–shipment and post-shipment)-As advised by HO from time to time.
5. Other benefits
·
Charge schedule and fee structure at 25% lower than
that applicable in respect of normal exporters
For more details, please contact our nearest branch.
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