The Presidents/ CEOs,

All Banks.

Dear Sirs /Madam,

HANDKNOTTED CARPETS-MATCHING PERFROMANCE

REQUIREMENT UNDER EXPORT FINANCE SCHEME PART-II

Please refer to MFD Circular No. 02 dated April 18, 2008 on the captioned subject.

2. It has been decided to enhance the entitlement of limit from existing 50% to 67% in the case of exporters of hand knotted carpets for the monitoring year 2008-09 on the basis of export proceeds realized during monitoring year 2007-08.
3. Other instructions on the subject shall remain unchanged.

Please acknowledge receipt.