Export-Import Bank of India (EXIM Bank)
Exim Bank was established by the Government of India, under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services. This includes import of technology and export product development, export production, export marketing, pre-shipment and post-shipment and overseas investment.
Exim Bank extends Lines of Credit (LOCs) to overseas financial institutions, regional development banks, sovereign governments and other entities overseas, to enable buyers in those countries to import developmental and infrastructure projects, equipment, goods and services from India, on deferred credit terms. EXIM Bank has laid strong emphasis on enhancing project exports, the funding options for which have been enhanced with introduction of the Buyer's Credit-National Export Insurance Account (BC-NEIA) program. During the year ended March 31, 2020, EXIM Bank sanctioned loans of Rs 40255 crore, while disbursements amounted to Rs 33735 crore. Loan Assets stood at Rs 99447 crore as on March 31, 2020.
For further details, the website of the organisation may be visited at www.eximbankindia.in