Companies can secure short-term trade financing with the Loan Insurance Scheme (LIS), which insures the banks against insolvency risks of the borrowers. Loans are underwritten by commercial insurers, while a portion of the insurance premium is supported by the Government.
Companies can apply for the LIS to secure short-term trade financing lines such as:
Companies applying for the LIS should meet the following criteria:
Applications can be made through any of the PFIs listed below:
1: Group is defined to include the Applicant, the Applicant’s corporate shareholders who own > 50% of total shareholding and the Applicant’s subsidiaries where the Applicant holds > 50% of the total shareholding of the subsidiaries.
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