The central bank has announced an increase in the limit for manufacturers and exporters to borrow from the
The amount can be borrowed by Members of
The EDF has emerged as an important instrument among the textile and garment makers due to its lower interest rate compared to rates charged by private banks.
At present, the textile and garment makers receive EDF loans at 2.5 percent interest rate.
Textile makers will be able to borrow money from the EDF for import of only cotton, and not capital machinery.
Most Popular Stories
- Cantwell Targets Gender Gap in Small-Business Loans
- Chrysler Gets Nod as a Top Employer for Hispanic Women
- Hispanic Entrepreneurs Set Pace in Florida
- Health-care Deal Aids Port Contract Talks
- Perry's Lawyers Try to Close Abuse Case
- What's the Law for Kids at Gun Ranges?
- Mario Lopez Inks New Clear Channel Deal
- Apple Loses Bid to Block Sales of 9 Samsung Phones
- South Korea's Kia to Invest $1 Billion in Mexico
- FBI Probes JPMorgan Hack