Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 IH&SMEFD Circular Letter No. 08 of 2012
June 22, 2012 

The Presidents/ CEOs,
All Banks/DFIs.

Dear Sirs /Madam,

Long Term Financing Facility (LTFF) - Extension in Limit

As you are aware, LTFF limits sanctioned in favour of banks for the year 2011-12 are due to expire on 30-06-2012. In order to ensure that financing facilities are available to borrowers till finalization of your new limits under the Facility for the financial year 2012-13, it has been decided to continue with the existing limit until fresh limits for FY 2012-13 are notified. Further, you are advised to please furnish us the following information, latest by June 29, 2012, to enable us to finalize limit under the Facility for FY 2012-13:-

a) Limit requirements for FY 2012-13 under LTFF.

b) Borrower-wise details of cases being sanctioned, application(s) in process/pipeline under the Facility alongwith details of LCs established and their expected date of retirement.

Please acknowledge receipt.         

Yours faithfully,

Sd/-

(Syed Samar Hasnain)
Director


       
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