EXIM bank is an apex institution that finances, facilitates and promotes exports. Its major function is to arrange loans/funds for exporters, either directly or through other commercial banks.
Export-Import Bank was established on January 1, 1982 for the purpose of financing, facilitating and promoting foreign trade of India. It extends finance to exporters of capital and manufactured goods, exporters of software’s and consultancy services and to overseas joint ventures and turnkey/construction projects abroad. The Bank is the principal financial institution in India for coordinating the work of institutions engaged in financing export and import trade.