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Engineering Export Promotion Council (EEPC) India, foremost body for merchant and SME exporters, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) for providing easy access to the exporting community for export finance.
As per Executive director of PNB, Sanjeev Sharan, loans up to Rs.10 crore will be provided to exporters within 6 to 7 weeks after application at competitive raises.
Further, the agreement will allow PNB to extend members of EEPC, foreign currency loan facilities and provide advisory support to financing projects through its 200 odd authorized foreign exchange branches.
