Circulars/Notifications  

 SMEFD Circular Letter No. 08 of 2010
June 16, 2010 

The Presidents/ CEOs,
All Participating Financial Institutions

Dear Sirs/Madam,

Long Term Financing Facility Scheme (LTFF) - Extension in Limit

 

      As you are aware, that LTFF limits sanctioned in favour of banks/DFIs for the year 2009-10 are due to expire on 30-06-2010. In order to ensure that financing facilities are available to borrowers till finalization of your new limits under the Scheme for the financial year 2010-11, it has been decided to continue the existing limit. Further, you are advised to please furnish us following information latest by June 25, 2010 to enable us to finalize limit under the Scheme for FY 2010-11:-

a) Limit requirements for FY 2010-11 under LTFF Scheme.
b) Borrower-wise details of cases being sanctioned and application(s) in process under the Scheme.

Note: The banks/DFIs which have already submitted the limit requirements need not to resubmit the same. Moreover, non-PFIs are also not required to submit the limit requirements under the Scheme.


Yours faithfully,

Sd/-
(Mansoor H. Siddiqui)
Director

 


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