GJEPC’s MSME Team Conducts Webinar on Gold Metal Loan in Association with YES Bank

Webinar highlighted YES Bank’s products for Gold Metal Loan, Working Capital and Trade Finance

Post By : IJ News Service On 13 June 2022 12:20 PM

The webinar organised by the Gems and Jewellery Export Promotion Council in collaboration with YES BANK, featured a panel of eminent speakers, including Kiran Shetye, Executive Vice President; Bhavin Gajjar, Executive Vice President; Nagma Chawla, Vice President; Darshan Rathi, Vice President; Prateek Kala, National Sales Manager – EXIM Acquisition; Neeraj Kumar, Regional Sales Manager – EXIM Acquisition; and Vijay Krishnan, Senior Program Manager. The discussion was attended by more than 140 participants and centred on SME Product Capabilities. Here, Surrogate Program Offerings, under which Surrogate Products, Templated Programs, Multiple facility offering and Pre-approved retails assets, Documents required, Loan Amount and Limit Eligibility were explained. The following Product Baskets were described in detail.

A. Fund-Based: Cash Credit, Overdraft, Working Capital Demand Loan, Drop Line OD, Bills Discounting, Pre-Shipment/Post Shipment Finance, Term Loan.

B. Non-Fund-Based: Letter of Credit, Bank Guarantee, Buyers/Suppliers Credit.

The next aspect discussed was Interest Equalisation Scheme wherein attendees were informed the documents required, recent developments and benefits pertaining to the same. In the Import Products segment Liability & Asset products were discussed. The Gold Metal Loan segment highlighted various types of Gold Metal Loans, Procedures, Tenure and RBI norms of procurement of Gold Metal Loan. This segment also revealed how a Jewellery Manufacturer can avail Gold (Metal) Loan at Gold lease rate.

News and image courtesy: gjepc.org

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