What is the primary focus of India Exim Finserve IFSC Private Limited, the subsidiary launched by Exim Bank?

Solution

Export financier Exim Bank Launched its subsidiary- India Exim Finserve IFSC Private Limited - at the Gujarat International Financial Tec City (GIFT City). Exim Finserve will provide a combination of three services to exporters: receivables financing, coverage of the risk of non-payment and management of accounts receivable. This would lead to improved cash flow and reduced payment risk for exporters, enabling them to explore new markets.   The factoring services by the first finance company in GIFT City in the area of export factoring would be particularly beneficial for MSME exporters as it is primarily based on the quality of accounts receivable, rather than collateral.