Sirs / Madam,
Finance Scheme - Modifications in procedure for refinance
Please refer to our SME&MFD Circular No.03 dated July
31, 2007 read with FAQ No.16 circulated through letter No.MFD/EFS/936
(Policy)/X/2007-2515 of September 25, 2007 on the above
In this connection it has been decided that all partial
repayments made by the exporters as from 6th February, 2008
onward against refinance loans, shall be adjusted in the
ratio of financing and refinancing (30:70) under the EFS
during the current financial year.
Please bring these instructions in the knowledge of all
your branches dealing in export financing under the Scheme.