Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 SMEFD Circular No. 09 of 2010
June 28, 2010 

The Presidents/ CEOs,
All Banks

Dear Sirs /Madam,

Reduction in Export Performance Requirements under Part-II of Export
Finance Scheme (EFS) for Hand Knotted Carpets for FY 2009-10

             Please refer to the instructions on the Export Finance Scheme relating to the performance requirements against loans obtained under Part-II of the Scheme.

2. It has been decided that the required performance for financing facilities availed under Part II of EFS during FY 2009-10 be fixed at 1.50 times as against existing performance requirements of 2.0 times for Hand knotted Carpets.

3. The entitlement of limits for FY 2010-11 shall, however, continue to be fixed as per existing criteria / instructions.

4. Other instructions on the subject shall remain unchanged.

           Please acknowledge receipt.


Yours faithfully,

Sd/-
(Mansoor H. Siddiqui)
Director


       
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