Exim Bank was established by the Government of India under the Export-Import Bank Act, 1981 as a manager of export credit, mirroring global export credit agencies. Exim Bank acts as a growth engine for industries and SMEs through a wide range of products and services. This includes import and export of technology, product development, export production, export marketing, pre-shipment export and post-shipment and foreign investment.
Exim Bank extends Lines of Credit (LoCs) to foreign financial institutions, regional development banks, sovereign governments and other entities abroad, for the purchase of developmental and infrastructure projects, equipment, goods and services from India by buyers in those countries on deferred credit terms. Can import Exim Bank has focused on increasing project exports, for which financing options have been enhanced with the introduction of the Buyer Credit-National Export Insurance Account (BC-NEIA) programe.
For further details, the website of the organization may be visited at www.eximbankindia.in