Buyer's Credit Definition, Meaning & Process- Financeseva
What is Buyers Credit Meaning & Buyer Credit facility? To encourage Indian exporters, the Government of India introduced special schemes known to be buyers credit, where the foreign buyers issues letter of credit in favour of Indian exporters to make transaction decision stronger & risk-free. Through this credit facility exporter get wider chances to explore well in international markets as well as business capital gets increased. Its betterment the project implementation without interrupting the flow of trading. While on the other hand, it enhances the workflow through aiding financial support whether it’s medium or long-term finance. If we talk about Buyer's Credit meaning or buyer credit facility – both the term refers the same one, it is a short-term loan provided to the importer by a...