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    <title>Foreign Exchange Management Act, 1999 - Providing housing loan in rupees to NRIs/PIOs</title>
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    <description>Authorised dealers and National Housing Bank-approved housing finance institutions may provide housing loans in rupees to Non-Resident Indians and Persons of Indian Origin for acquisition of residential accommodation in India, and may also grant loans for repairs, renovation or improvement of residential accommodation owned by them; authorised dealers are to notify constituents and the directions are issued under the Foreign Exchange Management Act.</description>
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      <description>Authorised dealers and National Housing Bank-approved housing finance institutions may provide housing loans in rupees to Non-Resident Indians and Persons of Indian Origin for acquisition of residential accommodation in India, and may also grant loans for repairs, renovation or improvement of residential accommodation owned by them; authorised dealers are to notify constituents and the directions are issued under the Foreign Exchange Management Act.</description>
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