The Export-Import Bank of India (EXIM Bank) is a financial institution established in 1982 under an Act of Parliament as a specialized financial institution to promote and finance India’s international trade. Its primary objective is to provide financial assistance to exporters and importers in India and to promote the country’s exports.
EXIM Bank provides a wide range of financial products and services to exporters and importers, including pre-shipment and post-shipment finance, export credit, buyer’s credit, project finance, lines of credit, and other related services. It also offers advisory services to exporters and importers, such as market research, risk management, and other related services.
EXIM Bank has established various programs and schemes to support India’s exports and imports. Some of its programs include the Export Marketing Services (EMS) scheme, the Export Development Fund (EDF) scheme, the Foreign Investment Finance Scheme (FIFS), and the Project Export Finance scheme.
EXIM Bank also partners with other international financial institutions and organizations to support India’s international trade. It has established partnerships with institutions such as the World Bank, the Asian Development Bank, and the African Development Bank.
EXIM Bank has been recognized for its contribution to the development of India’s international trade and has received several awards for its excellence in banking and financial services.
In conclusion, EXIM Bank is a financial institution in India that promotes and finances the country’s international trade. It offers a wide range of financial products and services to exporters and importers and provides advisory services to support their growth and development. EXIM Bank has established various programs and schemes to support India’s exports and imports and partners with other international financial institutions and organizations to support the country’s international trade. It has been recognized for its contribution to the development of India’s international trade.