refer to the captioned Scheme circulated vide MFD Circular
No. 07 dated December 31, 2007 and other instructions
issued from time to time in the matter.
In order to further facilitate the export oriented industries
following amendments have been made in LTFF Scheme with
LCs (sight and usance) established before the announcement
of the LTFF Scheme and retired after June 30, 2007 shall
also be eligible for financing under the Scheme. However,
LCs which have been retired through own sources of the
sponsors of the export oriented industries, shall not
be eligible under the Scheme.
Financing for plant, machinery & equipment to be used
by the export oriented projects for regeneration of textile
waste into usable fiber for producing value added exportable
products shall also be eligible under the subject Scheme.
Refinancing shall be allowed to the extent of 50% of financing
provided by banks/DFIs to the eligible borrowers availing
facilities under para i & ii, while the remaining
50% will be financed by the banks/DFIs from their own
sources as per the terms & conditions of financing
banks/DFIs agreed with the borrowers.
All other instructions, on the subject, shall remain same.