November 07,2006

All Member Lending Institutions of CGTSI

Circular No. 34 / 2006-07

One time extension of time period for lodgment of application for guarantee cover under CGS

Please refer to our Circular No. 32/2006-07 dated September 01, 2006 regarding allowing one time exemption for lodgment / re-lodgment of application in respect of the credit facilities sanctioned by the MLIs between January 01, 2005 and March 31. 2006

In view of the various representations received from MLIs due to the connectivity problems encountered by them, it has been decided to extend the last date for lodging / re-lodging the application upto December 31, 2006 instead of October 31, 2006 as a very special case. Kindly ensure that such applications are lodged / re-lodged in a spaced out manner instead of waiting for the last week of December 2006 as this clogs our bandwidth, giving rise to connectivity problems.

Yours faithfully,



Deputy General Manager