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Exim Bank Essay

855 words - 4 pages

Export-Import Bank of India is the premier export finance institution of the country, set up in
1982 under the Export-Import Bank of India Act 1981. Government of India launched the
institution with a mandate, not just to enhance exports from India, but to integrate the country’s
foreign trade and investment with the overall economic growth. Since its inception, Exim Bank
of India has been both a catalyst and a key player in the promotion of cross border trade and
investment. Commencing operations as a purveyor of export credit, like other Export Credit
Agencies in the world, Exim Bank of India has, over the period, evolved into an institution that
plays a major role in ...view middle of the document...

The facilities include loan to Indian
companies for equity participation in overseas ventures, direct equity participation by
Exim Bank in the overseas venture and non-funded facilities such as letters of credit and
guarantees to facilitate local borrowings by the overseas venture.

The Bank provides financial assistance by way of term loans in Indian rupees/foreign
Currencies for setting up new production facility, expansion/modernization/up gradation
of existing facilities and for acquisition of production equipment/technology. Such
facilities particularly help export oriented Small and Medium Enterprises for creation of
export capabilities and enhancement of international competitiveness.

Under its Export Marketing Finance programme, Exim Bank supports Small and Medium
Enterprises in their export marketing efforts including financing the soft expenditure
Relating to implementation of strategic and systematic export market development plans.

The Bank has launched the Rural Initiatives Programme with the objective of linking Indian rural industry to the global market. The programme is intended to benefit rural poor through creation of export capability in rural enterprises.

In order to assist the Small and Medium Enterprises, the Bank has put in place the Export
Marketing Services (EMS) Programme. Through EMS, the Bank seeks to establish, on
best efforts basis, SME sector products in overseas markets, starting from identification
of prospective business partners to facilitating placement of final orders. The service is
provided on success fee basis.

Exim Bank supplements its financing programmes with a wide range of value-added
information, advisory and support services, which enable exporters to evaluate
international risks, exploit export opportunities and improve competitiveness, thereby
helping them in their globalisation efforts.


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