Please refer to SMEFD Circular No.04 dated February 14, 2009 on the captioned subject.

2. In order to facilitate domestic rice procurement process for exports, it has been decided that Rice Exporters will now get financing up-to 100% instead of 85% of the value of firm export order/contract/letter of credit and will be required to make shipments equivalent to 100% instead of 117% against refinance availed for 270 days from the export of eligible commodities under Part-I (pre-shipment). This relaxation will be available to Rice Exporters for FY 2009-10.

3. Other terms and conditions on the subject shall remain unchanged.

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