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RBI has set up a technical committee to examine difficulties faced by exporters to get bank credit and suggest steps to rationalise transaction cost and remove procedural bottlenecks.
The committee will be chaired by RBI executive director G Padmanabhan. Exim Bank, Export Credit Guarantee Corporation, select banks, Federation of Indian Export Organisation, Indian Banks' Association and Foreign Exchange Dealers Association of India will represent the committee.
“It will review the policies relating to bank finance for exports and suggest measures to improve timely, adequate and hassle-free flow of credit towards working capital, expenditure and other requirements of the sector, and, in particular SME units, RBI said.