EXIM FINANCING Exim Bank plays important role with regard to India's foreign trade: those of a coordinator, a source

of finance, consultant and promoter. Exim Bank is the Coordinator of the Working Group Mechanism for clearance of Project and Services Exports and Deferred Payment Exports (for amounts above a certain value currently US$ 100 million). The Working Group comprises Exim Bank, Government of India representatives (Ministries of Finance, Commerce, External Affairs), Reserve Bank of India, Export Credit Guarantee Corporation of India Ltd. and commercial banks who are authorized foreign exchange dealers. Exim Bank can now accord clearance to project export proposals up to US$ 100 million in value. Export-Import Bank of India is the premier export finance institution of the country, set up in 1982 under the Export-Import Bank of India Act 1981. Government of India launched the institution with a mandate, not just to enhance exports from India, but to integrate the countrys foreign trade and investment with the overall economic growth. Since its inception, Exim Bank of India has been both a catalyst and a key player in the promotion of cross border trade and investment. Commencing operations as a purveyor of export credit, like other Export Credit Agencies in the world, Exim Bank of India has, over the period, evolved into an institution that plays a major role in partnering Indian industries, particularly the Small and Medium Enterprises, in their globalization efforts, through a wide range of products and services offered at all stages of the business cycle, starting from import of technology and export product development to export production, export marketing, pre-shipment and post-shipment and overseas investment. Contents o Introduction of EXIM o Objectives of EXIM o Financing from EXIM o Major Policy Changed during 2010-11 o Financial Position of EXIM o Conclusion Author Asst. Prof. Suyog Amrutrao, Dept. of Management Science, Dr. B. A. M. University, Sub-campus, Osmanabad Email Idsuyogmba@yahoo.com Cell 91 9766350127