(Amount in Rupees crore)

Item

2002-03

2001-02

   2000-01

July

June

March

Decem-

Septem-

June

March

ber

ber

1

2

3

4

5

6

7

8

1.

Export Credit Refinance (ECR)

A)

Limit

5,702

5,800

9,086

9,209

9,145

9,221

7,192

a)

Normal

3,803

3,869

6,060

6,142

6,099

6,150

b)

Backstop

1,899

1,932

3,026

3,067

3,045

3,071

B)

Outstanding

22

336

3,194

6,322

4,042

3,553

3,252

a)

Normal

22

264

3,144

5,822

4,022

3,467

b)

Backstop

0

72

50

500

20

86

2.

Collateralised Lending Facility (CLF)

A)

Limit

657

657

657

657

657

657

657

a)

Normal

438

438

438

438

438

438

b)

Backstop

219

219

219

219

219

219

B)

Outstanding

0

0

23

265

110

63

240

a)

Normal

0

0

23

265

110

63

b)

Backstop

0

0

0

0

0

0

Memo Items :

1.

Aggregate Export Credit $

47,166

47,225

43,123

43,226

41,228

44,287

45,387

2.

Export Credit eligible for Refinance

38,014

38,669

35,461

36,088

34,257

37,604

38,765

3.

Aggregate Export Credit as

7.2

7.3

7.4

7.7

7.8

7.8

8.9

percentage of Net Bank Credit

$ Inclusive of Rupee export credit, pre-shipment credit in foreign currency (PCFC), rediscounting of export bills abroad (EBR) and overdue export credit.
Notes :
1. Data pertain to the last reporting Friday of the month.
2. The CLF was introduced on April 24, 1999 and ACLF was withdrawn effective June 5, 2000. The CLF would be withdrawn effective October 5, 2002.
3. The export credit refinance and CLF Limits were reduced by 50 per cent in two steps of 25 per cent each effective from July 29 and August 12, 2000.
4. Effective May 5, 2001, the ECR and CLF facilities split up into 2/3 ^rd (normal) and 1/3 ^rd (backstop). Effective April 1, 2002, limits under ECR are made available to the banks to the extent of 15 per cent of the outstanding export credit eligible for refinance as at the end of second preceding fortnight.