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of <h1>RBI Allows Startups to Raise Up to $3 Million Annually via External Commercial Borrowings with 3-Year Maturity.</h1> The Reserve Bank of India has permitted startups to raise External Commercial Borrowings (ECB) under a specified framework. Eligible startups, recognized by the Central Government, can borrow up to USD 3 million annually in any convertible currency or Indian Rupees. The ECB must have a minimum maturity of three years, and lenders must be from countries compliant with Financial Action Task Force standards. Borrowings can be structured as loans or convertible preference shares, with the conversion into equity allowed under foreign investment regulations. Security and guarantees are permitted, excluding those from Indian banks. Startups are advised to manage currency risk effectively.
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