Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 SMEFD Circular Letter No. 04 of 2010
April 12, 2010 

The Presidents/ CEOs,
All Banks/DFIs

Dear Sirs /Madam,

Long-Term Financing Facility (LTFF) for Plant & Machinery:
Maximum Borrowing Limit

 

Please refer to the captioned Scheme circulated vide MFD Circular No. 07 dated December 31, 2007 and other instructions issued from time to time in this regard.

2.         In view of growing demand, diversify financing & risk and to accommodate larger number of borrowers, it has been decided that henceforth maximum financing limit to a single export oriented project under LTFF Scheme shall not exceed Rs 1,000 million. However, banks/DFIs may continue to provide financing facilities as per their credit policies over and above the said maximum limit from their own sources subject to adherence of Prudential Regulations.

3.         Other instructions on the Scheme shall remain unchanged.

Yours faithfully,

(Muhammad Ishfaq)
Senior Joint Director


       
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