ECB POLICY - REPAYMENT OF RUPEE LOANS AND/OR FRESH RUPEE CAPITAL EXPENDITURE - USD 10 BILLION SCHEMES

The Reserve Bank of India (RBI) has decided to include Indian companies in the hotel sector (with a total project cost of ` 250 crore or more), irrespective of geographical location as eligible borrowers under this scheme. AD may certify the project cost at the time of forwarding the External Commercial Borrowings (ECB) application to RBI.