Please refer to our Circular No.151/DoR 43/2019 dated 04 June 2019 in terms of which all loans sanctioned by 30 June 2019 and disbursed by 31 July 2019 under the captioned scheme would be eligible for interest subvention facility.
In this connection, we advise that Government of India vide notification dated 24 July 2019 has since advised extension of above deadlines. As per GoI notification, all loans which are sanctioned by 31 July 2019 and disbursed by 31 August 2019 by the lending banks would now be eligible for interest subvention.
The deadline for submission of utilisation certificate has accordingly been revised to 30 September 2019.
We request you to please arrange to circulate the above modifications among your Controlling Offices and branches and ensure sanctions/disbursements of soft loan to Sugar Mills at the earliest.