CGTMSE / (44)/  

                           July 29, 2008

All Member Lending Institutions of CGTSI

Circular No. 47 / 2008- 09

Dear Sir/Madam,

Withdrawal of LIC Coverage for Chief Promoters of

Credit Guarantee Scheme guaranteed units

         Please refer to our Circular No.33 / 2006-07 dated November 01, 2006 on the captioned subject. We advise that the LIC coverage for Chief Promoters of units with guarantee cover under Credit Guarantee Scheme has been discontinued with immediate effect.

         Thanking you,

Yours faithfully,

Sd/- 

(P.M.Radhakrishnan)

Deputy General Manager