External Commercial Borrowings extension for affordable housing under approval route; scheme continues with existing terms and bank notification Continuation of the scheme permitting External Commercial Borrowings (ECB) for low cost affordable housing projects under the approval route, on the same terms and conditions as earlier A.P. (DIR Series) Circulars; Authorised Dealer Category I banks to notify constituents. Directions issued under the Foreign Exchange Management Act and without prejudice to other statutory permissions.
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Provisions expressly mentioned in the judgment/order text.
External Commercial Borrowings extension for affordable housing under approval route; scheme continues with existing terms and bank notification
Continuation of the scheme permitting External Commercial Borrowings (ECB) for low cost affordable housing projects under the approval route, on the same terms and conditions as earlier A.P. (DIR Series) Circulars; Authorised Dealer Category I banks to notify constituents. Directions issued under the Foreign Exchange Management Act and without prejudice to other statutory permissions.
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