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.