EXIM Bank | Objectives & Functions | Learn with Himanshu Nandwani #vnsgu #bcomsem5 #banking

Exim Bank:
Export-Import Bank of India (EXIM Bank) was set up by an Act of the Parliament "THE EXPORT-IMPORT BANK OF INDIA ACT, 1981" for providing financial assistance to exporters and importers, and for functioning as the principal financial institution for co-ordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country's international trade and for matters connected therewith or incidental thereto.

Main Objectives of EXIM Bank:
1. To ensure and integrated and co-ordinated approach in solving the allied problems encountered by exporters in India.
2. To pay specific attention to the exports of capital goods & technical services.
3. To provide Export projection.
4. To facilitate and encourage joint ventures and export of technical services and international and merchant banking.
5. To extend buyers' credit and lines of credit.
6. To tap domestic and foreign markets for resources for undertaking development and financial activities in the export sector
7. Provide financial assistance to the exporters and importers and act as the principal financial institution for coordinating the working of other institutions engaged in financing exports and imports.

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[SushilSingh-dpox]

Sir ji hum kaise apply kr sakte hai Exim Bank ko export funding k liye.