Please refer to SMEFD Circular No.14 dated September 30, 2010 on the captioned subject.
2. It has been decided that effective July 01, 2011, the rates of service charges for Participating Financial Institutions (PFIs) and rates for end users under the captioned Scheme shall be as under: -
Period of financing |
Rate of Refinance |
PFIs’ Spread |
End User’s Rate |
Up-to 3 years |
11.00% |
1.50% |
12.50% |
Over 3 years and upto 5 years |
10.10% |
2.50% |
12.60% |
Over 5 years and upto 10 years |
9.70% |
3.00% |
12.70% |
3. Other instructions on the subject shall remain unchanged