Exim Bank to come up with online facilitation window for MSME exporters

Mumbai, Sep 7 (KNN) The Export-Import Bank of India (EXIM Bank) is planning to come up with a portal called ‘Exim Mitra’ to provide facilitation services for the MSME exporters.

The move aims to encourage small enterprises to export and also to facilitate 20-25 services, including registration for undertaking exports, information on the closest bank branch that will provide export credit, and indicative freight cost.

Exim Bank Chairman and Managing Director Yaduvendra Mathur has said that the bank is looking to open an online facilitation window.

Noting that there is a big information gap, the Exim Bank chief said, “There are a large number of potential exporters, typically smaller companies which are not able to access the whole gamut of facilities and there are many agencies involved (for exports).”

“Exporters have to get registration from the Director-General of Foreign Trade (DGFT) to export. Then they have to deal with customs procedures. They have to get finance. If they are in small cities, their banks may not know export procedures and may be unwilling to extend them packing credit.”

So, 20-25 services, which typically an exporter would want to access, would be put online via the portal, said Mathur, as quoted in a media report.

Mathur also said that the bank is in conversation with other banks for data on branches dealing with export finance and with logistics companies for macro figures like the per kilometre cost if an export consignment goes from one place to another.