Please refer SMEFD Circular No. 17 dated November 2, 2009 read with SMEFD Circular No.07 dated May 6, 2010 regarding the captioned subject.

2.         In this connection it is advised that State Bank has extended the expiry date of the Refinance Facility for Modernization of SMEs by one year. This facility shall remain valid up to December 31, 2013.

3.         Refinance limits already sanctioned in favour of selected banks/DFIs under above Facility will also continue to be available up to expiry date of the Facility. They can also apply for enhancement of limits after utilization of their existing limits. Further, other interested banks/DFIs, may also apply to IH&SME Finance Department for sanctioning of fresh limits under the Facility.

4.         Other instructions on the subject shall remain unchanged. .