Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 IH&SMEFD Circular No. 05 of 2011
June 30, 2011 

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 2010 -11

           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 to fix the required performance for financing facilities availed  under EFS Part II during FY 2010-11 at 1.50 times instead of existing performance requirements of 2.0 times for Hand knotted Carpets.
  
3.         The entitlement of limits for FY 2011-12 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/-
( Mohammad Mansoor Ali)
Director


       
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