Schemes of Financial Assistance by EXIM Bank

The Export-Import Bank of India (EXIM Bank) offers various schemes of financial assistance to support Indian businesses engaged in international trade and investment. These schemes are designed to promote exports, facilitate imports, and encourage overseas investments. Here are some of the key schemes of financial assistance provided by EXIM Bank:

1. Export Credit: EXIM Bank provides export credit to Indian companies for financing their export activities. Export credit is offered in various forms, including pre-shipment credit (to finance the production of export goods) and post-shipment credit (to finance the working capital needs after shipment). These credit facilities help exporters fulfil their export orders and manage cash flow.

2. Buyer’s Credit: EXIM Bank offers buyer’s credit to overseas buyers of Indian goods and services. This credit is extended to foreign importers, enabling them to purchase Indian products and services on credit terms. It encourages international buyers to source from Indian exporters.

3. Lines of Credit (LOCs): EXIM Bank provides lines of credit to foreign governments, financial institutions, and other entities to support projects that involve the import of Indian goods and services. LOCs promote bilateral trade and economic cooperation between India and other countries. They are typically used for infrastructure development projects, such as construction, power generation, and transportation.

4. Export Finance: EXIM Bank offers various export finance schemes to meet the specific needs of exporters. These schemes may include export bill discounting, export credit insurance, and export production finance. Export finance helps exporters manage their cash flow and mitigate risks associated with international trade.

5. Overseas Investment Finance: EXIM Bank supports Indian companies looking to invest in overseas ventures through its overseas investment finance schemes. It provides financial assistance for setting up subsidiaries, joint ventures, or acquisitions abroad. This helps Indian businesses expand their global footprint and access new markets.

6. Export Marketing Services: EXIM Bank offers export marketing services to assist Indian exporters in identifying export opportunities, market research, and market entry strategies. These services help exporters make informed decisions and succeed in international markets.

7. Technology and Innovation Promotion: EXIM Bank provides financial support to Indian companies for technology upgradation, innovation, and Research and Development (R&D) activities. This helps businesses enhance their competitiveness in global markets.

8. Export Development Fund: The Export Development Fund (EDF) is a financial assistance scheme that supports export promotion activities, trade-related research, and capacity-building initiatives. The EDF aims to strengthen the export ecosystem in India.

9. Project Finance: EXIM Bank offers project finance to Indian companies involved in export-oriented projects, including those in sectors like manufacturing, infrastructure, and renewable energy. This financial support aids in the development and execution of such projects.

10. Credit Lines to Banks and Financial Institutions: EXIM Bank extends credit lines to Indian banks and financial institutions to facilitate trade financing. These credit lines enable domestic banks to offer competitive financing options to exporters and importers.

11. Promotional Activities: EXIM Bank engages in promotional activities to create awareness among Indian businesses about the available financial assistance schemes and to promote export opportunities. These activities include seminars, workshops, and trade fairs.

It’s important to note that the specific terms, conditions, and eligibility criteria for these schemes may vary over time and depend on the nature of the project or trade activity. Indian businesses interested in availing of EXIM Bank’s financial assistance should consult the bank’s official website or contact the bank directly for the most up-to-date information and guidance on the application process.