Objective of the scheme:

To boost exports by offering export credit at competitive terms and conditions and better and efficient services, for exporters having good track record and emphasis on small and medium sector exporters.

Eligibility Criteria:

Exporters with credit worthiness and good track record. Exporters whose accounts have been classified as `Standard' continuously for a period of 3 years and there are no irregularities/ adverse features in the conduct of the accounts.

Exporters in the medium and small sectors, who satisfy the above conditions, will also be eligible.

Exporters who are blacklisted by ECGC of India Ltd. or included in RBI's defaulter's list/ caution list or making losses for the past 3 years or having overdue export bills in excess of 10 percent of the current year's turnover, will not be eligible under Gold Card Scheme.

Additional Benefits:

Concessions in commission, refinement in exchange rates, concessions in other charges etc.

International Debit Card/ ATM Card, Anywhere Banking facility, De-Mat Accounts, Waiver of commission on sale of Travellers cheques etc.


4. Charter For 'Small Scale Industries'

Acknowledgement for receipt of loan application by branch by affixing date stamp.

Time Norms for disposal of loan applications:

Upto Rs.25,000/- within a fortnight, Over Rs.25,000/- within 8-9 weeks.

No collateral security for advances upto Rs.5 lacs.

No collateral for advances over Rs.5 lacs and upto Rs.15 lacs based on good track record and financial position.

Composite loan upto Rs.25 lacs is sanctioned to SSI Units.

Following advances should also be covered under financing to Weaker Section: - 

a. Advances granted under PMRY. 

b. Advances granted to Women Entrepreneurs for productive purpose.