(a) whether the EXIM BanK has sought a cut IFU Government stake with the objective of
reducing-Government equity to below 51 per cent;
(b) if so. the details thereof; the bank`s mknagemeTit has Expressed certain
objections/reservations in this regard;
(c) if so, the details thereof;
(e) whether auution of equity is TiKely to create problems for small scale exporters
in the country; and
(f) if so, the steps taken by the Govemm`ent`to protect the small exporters?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI V. DHANANJAYA KUMAR):
(a) to (d) Exim Bank has submitted a proposal to the Government for restructuring its
equity capital. The proposal includes restructuring of equity without requiring budgetary
support from Government and reduction of Government equity below. 51%. The matter is under
consideration of the Government. The proposal has been submitted to the Government after
its approval by the Board of Exim Bank.
(e) and (f) No, Sir. The proposed capita!1 restructuring is not expected to affect the
flow of credit to small scale