Rural Initiatives
Introduction
Exim Bank of India is an apex financial institution fully owned by Government of India, set up for the purpose of financing, promoting and facilitating India's international trade. The Bank is engaged in financing export of projects, products and services from India through number of financing and promotional programmes. The Bank is also involved in creating export capability in small and medium enterprises (SMEs), grassroot rural business enterprises and agro industries. The Bank, over the years, has facilitated number of SMEs to become active players in the global market in sectors like information technology, auto components, pharmaceuticals, textiles and clothings, agro chemicals, etc. Bank, through its overseas investment programme, has supported Indian corporates including SMEs, to set up ventures overseas, acquire business and brands abroad to strengthen their global presence. Thus, Exim Bank over the last 25 years of its existence has gained substantial experience and expertise to guide and support Indian firms to access global market.
Exim Bank's Rural Initiatives
With the advent of globalisation, the barriers to trade are getting dismantled and the dividing line between national and global markets is slowly disappearing. While this phenomenon has resulted in expansion of market opportunities for products and services, it has also made certain sections in developing countries more vulnerable to market vagaries. Thus, the objectives of Exim Bank's rural initiatives are two fold:
i. Poverty reduction through export linkages
ii. Benefit of Globalisation to grassroot rural enterprises.
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