The Presidents/CEOs,

All Banks /DFIs,

Dear Sirs / Madam,

Scheme for Financing Locally Manufactured Machinery

Please refer to BPD Circular No. 25 dated 24th July 2004 in terms of which Part –A (Local Sales) of LMM Scheme was modified.

2. It is clarified that effective issuance of our new Scheme viz. Long Term Financing Facility (LTFF) circulated vide MFD Circular No. 07 dated December 31, 2007 the instructions issued vide BPD Circular No. 25 dated July 24, 2004 stand withdrawn