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Global Trade Finance has launched an `e-loans sanctioning' facility for exporters in the small-scale industries (SSI) sector. A registered SSI unit having an export relationship with an overseas buyer for at least one year can now seek approval limits from GTF against its sales.

The facility will allow a SSI unit to get funds by applying on the company's web site. Each SSI can be sanctioned an export loan of up to Rs 2.5 crore under the new facility at 9 per cent per annum plus the cost of credit protection provided by the ECGC at 0.5 per cent.

BL RESEARCH BUREAU

More Stories on : SSI | Financial Services | E-Commerce & E-Business | Exports & Imports

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