All Banks/ DFIs


Dear Sirs / Madam,

Scheme for Long Term Financing of Export Oriented Projects (LTF-EOP)

Please refer to BPD Circular No. 14 dated 18th May 2004 on the captioned subject.

It is clarified that for the purpose of acquisition of brand name / franchise, all the sub sectors of textile sector are eligible to avail facilities under the scheme, subject to the adherence of criteria prescribed under the scheme. Banks/DFIs are required to ensure that where yarn, grey cloth, dyed and printed cloth are exported under a brand name, its export value shall be reasonably higher than the value if exported without a brand name.