Circulars

Long Term Financing Facility (LTFF) – Extension in Limit

June 28, 2016
8694

The Presidents/ CEOs,
All Banks/DFIs.

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 2015-16 are due to expire on 30-06-2016. In order to ensure that financing facilities are available to borrowers till finalization of new limits under LTFF for the financial year 2016-17, it has been decided to continue the existing limit until fresh limits for FY 2016-17 are notified. Further, you are advised to furnish us the following information, latest by July 04, 2016, to enable us to finalize limit under LTFF for FY 2016-17:-

  • Limit requirements for FY 2016-17 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.

Yours sincerely,

Ghulam Muhammad
Director