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IH&SMEFD
Circular Letter No. 05 of 2016 |
June 28, 2016 |
The Presidents/ CEOs,
All Banks/DFIs.
Dear Sir /Madam,
Long Term Financing Facility (LTFF) – Extension in Limit
As you are aware, LTFF limits sanctioned in favour of banks/DFIs for the year 2015-16 are due to expire on 30-06-2016. In order to ensure that financing facilities are available to borrowers till finalization of new limits under LTFF for the financial year 2016-17, it has been decided to continue the existing limit until fresh limits for FY 2016-17 are notified. Further, you are advised to furnish us the following information, latest by July 04, 2016, to enable us to finalize limit under LTFF for FY 2016-17:-
- Limit requirements for FY 2016-17 under LTFF.
- Limit request should be duly supported by borrower-wise details of cases being sanctioned, application(s) in process / details of LCs established and their expected date(s) of retirement.
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Yours faithfully,
Sd/-
(Ghulam Muhammad)
Director
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