Charitable institution cannot lose exemption merely because some activities incidentally benefit a religious community; retrospective registration can...
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The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
The policy establishes a prospective intervention to provide government backed risk sharing support for bank intermediated trade finance to eligible MSMEs exporting to under served markets. It prescribes non recourse instruments (LC confirmation, SBLC, IRU, RP, UPAS LC, LC negotiation), MSME eligibility (valid IEC and MSME registration), application via a UIN on the online portal, and partner bank participation under master agreements. A comprehensive risk model determines score based cover (scheme cover 10-80%) and fees, with exposure caps linked to a multiple of the corpus (country, exporter, transaction, issuing bank caps). Claim settlement timelines, pilot operationalisation, and stakeholder consultation are provided.
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