What is Export Credit / Finance?
Export credit is the finance extended to the exporters, either in INR or in Foreign currency. It is bifurcated into
(i) Pre-shipment finance and (ii) Post-shipment Finance.
History of Export Credit
The Reserve Bank of India first introduced the export credit scheme of Export Financing in 1967. The scheme is intended to make short-term working capital finance available to exporters at internationally comparable interest rates.