Reserve Bank of India has relaxed trade credit norms to raise funds from abroad. In a notification, RBI said yesterday that all types of companies can avail trade credit facility now from overseas for import of capital goods. The central bank said that on a review, it has been decided to allow companies in all sectors to avail trade credit not exceeding 20 million US Dollars up to a maximum period of five years for import of capital goods as classified by Director General of Foreign Trade.Earlier, only companies in the infrastructure sector were allowed to raise such trade credits.RBI further said that the ab-initio contract period of 15 months for all trade credits has been relaxed to 6 months. All the other aspects of trade credit policy will remain unchanged and should be complied with. The amended policy has come into force with immediate effect.