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Finance Minister unveils budget for Fiscal Year 2009-10

12 Jun '09
3 min read

Besides these, we have provided certain additional assistance to other sectors including RMG and Textiles:
• in certain cases bank interest rate has been lowered to 12 - 13 percent to facilitate import and investment
• the time limit for making down payment in respect of repayment of bank loans for all manufacturers and exporters has been extended up to September 2009. Rescheduling facilities are to be extended on a case by case basis
• an Export Development Fund is in place for financing the import of machinery for plants engaged in manufacturing of exportable items. The size of this fund has been increased. An individual borrower's limit has been increased from US$ 1 million to US$ 1.5 million
• steps have been taken to withdraw license/renewal fees payable by the captive power producers
• steps have been taken to implement immediately the planned actions to revamp the sick industries including 270 garment manufacturing units

Ministry of Finance

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