The document discusses the Export Import Bank of India (EXIM Bank). It provides three key points: 1. EXIM Bank was established in 1982 by the Indian government to provide financial support to importers and exporters as foreign trade grew following economic liberalization. 2. The main function of EXIM Bank is to provide financial and other assistance to importers and exporters in India to promote foreign trade. This includes financing imports/exports of goods and services, financing machinery leases, and providing refinancing to other banks. 3. In addition to financial assistance, EXIM Bank also aims to promote foreign trade in India through programs like clusters of excellence to improve quality standards and co-financing

1. DAYALBAGH
EDUCATIONAL
INSTITUTE
Seminar of We-Export Procedure & Documentation
(ABW 301)
Topic:-Importance & Functioning of EXIM Bank
of India
Submitted To:-
Mr.Vikram Sir
Submitted By:-
Suryansh
Gupta
Roll
No.2150217
B.Com(Online)

2. EXPORT AND IMPORT BANK OF INDIA (EXIM)
• When our economy opened up post liberalization and
globalization, the import and export industry became a
huge sector in our economy.
• Today India is one of the largest exporters of agricultural
goods.
• So to provide financial support to importers and exporters
the government setup the EXIM Bank.
• The export and import bank of India, popularly known as
the EXIM Bank was set up in 1982.
• It was previously a branch of the IDBI, but as the foreign
trade sector grew , it was made into an independent body.
• The main function of the Export and Import Bank of India
Is to provide financial and other assistance to importers
and exporters of the country.
• The ultimate is aim to promote foreign trade activities in

3. FUNCTIONS OF THE EXIM BANK
Let us take a look at some of the main functions of
export and import bank of India bank:-
• Finances import and export of goods and services
from India.
• It also finances the import and export of goods and
services from countries other than India.
• It Finances the import and export of machines and
machinery on lease or hires purchase basis as well.
• Provides refinancing services to banks & other
financial institutes for their financing of foreign trade.
• EXIM Bank will also provide financial assistance to
businesses joining a joint venture in a foreign country.
• EXIM Bank can also provide business advisory services
and expert knowledge to Indian exporters in respect
of multi-funded projects in foreign countries.

4. IMPORTANCE OF THE EXIM BANK:-
Other than providing financial assistance, the Export &
Import Bank of India bank is always looking for ways to
promote the foreign trade sector in India.In the early
1990’s ,EXIM introduced a program in India known as the
clusters of Excellence.
The aim was to improve the
quality standard of our imports and exports.It also has a
tie-up with the European Bank for Reconstruction and
Development.It has agreed to co-finance programs with
them in Eastern Europe.
In order to promote exports EXIM Bank also has
schemes such as production equipment finance program,
export marketing finance,vendor development finance,etc.

5. Thank You
Sir