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IH&SMEFD
Circular Letter No. 02 of 2017 |
June 06, 2017 |
The Presidents/ CEOs,
All Banks
Dear
Sir/ Madam,
Long Term Financing Facility (LTFF) - Extension in Limit
As you are aware, LTFF limits sanctioned in favour of banks/DFIs for the year 2016-17 are due to expire on 30-06-2017. In order to ensure that financing facilities are available to borrowers till finalization of new limits under LTFF for the financial year 2017-18, it has been decided to continue the existing limit till fresh limits for FY 2017-18 are notified. Further, you are advised to furnish us the following information, latest by June 30, 2017 to enable us to finalize limits under LTFF for FY 2017-18:-
- Limit requirements for FY 2017-18 under LTFF.
- Limit request should be duly supported by borrower-wise details of cases being sanctioned, application(s) in process / details of LCs established and their expected date(s) of retirement.
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Yours faithfully,
Sd/-
(Syed Basit Aly)
Director
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