abhishreshthaa
Abhijeet S
Rule 38 of the coffee rules, 1955 has been amended with the effect from 18-10-1988 to enable the board to have cash credit limit up to Rs.275 crores.
In pursuance thereof, the state bank has been allowed a credit limit for 1989 (as requested by the board) of 205 crores. The entire' amount carries the export packaging credit interest rate of 9.5% p.a. the rate of interest has been reduced to 7.5% p.a. JBrom: 1-3-1989. any withdrawal in excess of the export packaging credit attract interest rate at 16.5% p.a.
In pursuance thereof, the state bank has been allowed a credit limit for 1989 (as requested by the board) of 205 crores. The entire' amount carries the export packaging credit interest rate of 9.5% p.a. the rate of interest has been reduced to 7.5% p.a. JBrom: 1-3-1989. any withdrawal in excess of the export packaging credit attract interest rate at 16.5% p.a.