SBI Exporters’ Gold Card Scheme - Business

(Our existing customers/new connections who fulfil the following criteria will be eligible for SBI Exporters Gold Cards: -

 ➢ Accounts classified as ‘Standard Asset’ continuously for a period of last three years.

➢ No irregularities/ adverse features observed in the conduct of the accounts. ➢ The exporter does not appear in defaulter list including and/or included on RBI defaulters’ list/caution list, CIC defaulter list/CFR list/CEIB/Non cooperative borrower, SEBI Banned list of promoters, MCA disqualified directors/SBI default borrower registry.

 ➢ ECGC Specific Approval List (SAL) to be verified to ensure that the exporter and/or its partners / Directors /Guarantors/ Sister concerns etc. are not in ECGC’s Specific Approval List (SAL). Branch to obtain prior approval of ECGC if the exporter and/or its partners/directors/guarantors/sister concerns are in SAL before granting the advances.

➢CRILC report should be verified at the time of fresh sanction/renewal/review of the credit limits to ensure that the account is not classified as SMA-1/SMA-2 or NPA/RFA by any of the lenders in case of consortium or multiple banking. In case the account is reported as SMA 1 or worse by any of the lenders, the customer becomes ineligible for Exporter Gold card scheme till the time the position is regularized.

➢ The unit has not incurred losses during the past three years. ➢ Overdue export bills of the unit are not in excess of 10% of the previous year’s turnover.

➢ Greenfield projects may also be considered under the Scheme by the appropriate sanctioning authority on a case-to-case basis.

➢ In case of take-over of the account, the extant takeover norms should be complied with, together with the other eligibility norms listed above.

Type of Facilities under Exporters Gold Cards Scheme

1. EPC/PCFC
2. FBD/EBR
3. Inland/ Import Letter of Credit
4. Bank Guarantee
5. Credit exposure Limit
6. Advance against Export Bill Directly sent on collection or through banking Channel

Assessment of the limit will be done through undernoted methods based on applicability of the assessment method:

• Turnover method
• ABF/Working capital cycle method
• Cash budget method

Under this method credit limits will be assessed at 20% of the turnover of the unit in case of manufacturer exporters and 15% of the turnover of the unit in case of trader exporters, provided the borrower contributes a margin of 5%.
Non-fund-based limits required by the exporters will be assessed as per existing norms.

Time frame for disposal of applications:

• Disposal of fresh applications: 25 days
• Renewal of limits: 15 days
• Sanction of ad hoc limits: 07 days

Competitive rate of interest on Pre- & Post-Shipment Rupee / Foreign Currency Export Credit.

Service Charges / ECGC Premium

• Simplified service-charges structure for Export Credit Customers. Based on value of accounts, further concession in service charges may be permitted at the Bank’s discretion.
• Premium in respect of Whole turnover Pre-shipment Credit (WTPC) policies of ECGC for all eligible pre-shipment credit will be absorbed by the Bank.
• Premium for Whole Turnover Post-shipment (WTPS) policies from ECGC limited for eligible post-shipment credit is already being absorbed by the Bank.

• Better terms of credit
• Simplified application process
• Faster processing of applications
• Limits sanctioned for 3 years, with renewal subject to fulfilment of the terms and conditions of sanction
• Preference for grant of packing credit in foreign currency (PCFC)
• Provision for concessions in interest rates
• Standby limit for meeting exigencies