Global Trade targets small and medium enterprises with online loan access.

Byline: Preeti R Iyer

Oct. 2--MUMBAI, India -- Small and medium enterprises (SMEs) engaged in international trade will now find it easier to procure loans. Global Trade Finance -- the NBFC promoted by Export-Import (Exim) Bank of India -- has tied up with the Export Credit Guarantee Corporation (ECGC) to provide online loans up to Rs 2.5 crore to units in the SSI sector at an interest rate of 9 percent per annum, along with a premium of 50 basis points per invoice.

Global Trade Finance will be launching a web-based programme to target units in the SSI segment. Speaking to ET, ...

Read the rest of this article with a Free Trial at HighBeam Research.