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of <h1>RBI Expands Trade Credit Access: All Sectors Can Avail Up to USD 20M for Capital Goods Import.</h1> The circular issued by the Reserve Bank of India informs all Category - I Authorized Dealer banks about updates to the trade credit policy for imports into India. Previously, only companies in the infrastructure sector could avail trade credits up to USD 20 million for a maximum of five years. The revised guidelines now extend this facility to companies across all sectors for importing capital goods, as classified by the Director General of Foreign Trade. The initial contract period for trade credits is reduced from 15 to 6 months. However, banks are not allowed to issue Letters of Credit or similar guarantees beyond three years. Other policy aspects remain unchanged.
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