Circulars/Notifications - Banking Supervision Department  
 BPRD Circular Letter No. 12
May 01, 2000  

All Banks,

Dear Sirs,

SELECTIVE CREDIT CONTROL – ADVANCES TO FLOUR MILLS

In terms of para AI(VI) of BCD Circular No.5 of 5th July, 1987 advances against raw materials to manufacturing/processing units of goods is permissible with minimum margin requirements of 25%.

It is clarified that advances to flour mills against wheat and wheat flour also fall in above category. However, the maximum period of advance against wheat and flour should not exceed period of six months.

Please acknowledge receipt.

 
Yours faithfully,
(Shoaib Ahmad)
Additional Director

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