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International Finance Schemes

Objective

The main objective of the various International Finance schemes is to enable small-scale industries to raise finance atinternationally competitive rates to fulfil their export commitments.

The financial assistance is being offered in USD and Euro currencies. Assistance in Rupees is also considered, independent of foreign currency limits.

SIDBI has a license to deal in foreign exchange as a "restricted" Authorised Dealer (i.e. SIDBI confines its foreign exchange activities only to its own exposures and to exposures for its customers.
The Mumbai Head Office (MHO) of SIDBI operates as a Category 'A' branch that maintains foreign currency positions, nostro account with foreign correspondent banks and provides cover to other branches (Category 'B' branches) that carry out forex business.

It has a Dealing Room at Mumbai that acts as a central service provider to all branches.

 
 
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