(Hindu Business Line, New Delhi, 18 June 2012) The Reserve Bank of India’s move to increase the export credit refinance limit is expected to increase lending to exporters in the micro, small and medium enterprises (MSME) segment. The RBI in its mid-quarter monetary policy review on Monday had enhanced the eligible limit of the Export Credit Refinance (ECR) facility for scheduled banks (excluding regional rural banks) from 15 per cent of the outstanding export credit eligible for refinance, to 50 per cent.
