Please
refer to clause 18 of BPD Circular No.29 in terms of which
the scheme notified vide Circular No.29 dated 15th October,
2002 is going to expire on 14.4.2003.
2.
A large number of representations/requests have been received
in the State Bank from the business community as well as from
banks/DFIs for an extension in the period of scheme. Since
the scheme is a one time opportunity, a need has been felt
to provide more time to the borrowers, especially those
who, due to one reason or other have been unable to avail
the scheme. It has, therefore, been decided to
extend the validity of the scheme upto 30th June, 2003.
3.
Banks/DFIs are encouraged to persuade their respective
eligible borrowers to avail of this opportunity within the
extended time.
4.
All other terms and conditions indicated in the aforesaid
circular shall remain unchanged.
5.
Please acknowledge receipt.
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