The
Presidents/ CEOs,
All Banks/DFIs
Dear
Sirs /Madam,
Long
Term Financing Facility (LTFF)
for Plant & Machinery: – eligibility thereof
Please
refer to Schedule 1 attached with LTFF Scheme which was
circulated vide MFD Circular No. 07 dated December 31,
2007 and amended from time to time.
2. It is advised that henceforth financing for plant,
machinery & equipment to be used by the export oriented
projects in following sub-sectors/processes of Spinning
Sector shall also be eligible under the subject Scheme:-
i) Doubling,
ii) Twisting,
iii) Combing,
iv) Slubbing,
v) Lycra, &
vi) Yarn Dyeing.
3.
SBP will refinance upto 50% of the financing facilities
to be provided by the banks/DFIs to the eligible borrowers
of above six sub-sectors / processes of Spinning Sector
under LTFF Scheme while the remaining 50% will be financed
by the banks/DFIs from their own sources at lending rates
of respective lending institutions as agreed with the
borrowers.
4.
All other instructions issued on the subject shall remain
unchanged.