EXIM bank was established on January 1, 1982 to finance, facilitate and promote foreign trade in India. It makes available finance to exporters of capital and manufactured goods, exporters of software and consultancy services and to overseas joint-ventures and turkey and construction projects. This bank is the main financial institution in India for coordinating the work of institutions engaged in financing export and import trade. It finances R & D and techno economic studies. It also provides goods on deferred payments, financing of Indian machinery, manufactures goods consultancy and technological services.
Functions of EXIM Bank:
Exim bank has classified its functions into two categories viz.,
(1). Fund based assistance.
(2). Non fund based assistance.
12 Comments