https://www.taxtmi.com/circulars?id=11423 ECB policy now permits MFIs and NGOs engaged in micro finance to raise ECB under the Automatic Route subject to eligibility (societies, trusts, cooperatives, NBFC-MFIs, Section 25 companies), lender safeguards and due diligence certification by the designated AD, permitted end-uses limited to lending for micro-credit and capacity building, compliance with existing ECB parameters, and AD responsibility to certify borrower status and ensure full forex hedging at drawdown. en-us Mon, 19 Dec 2011 00:00:00 +0530 Tue, 20 Dec 2011 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11423 ECB policy now permits MFIs and NGOs engaged in micro finance to raise ECB under the Automatic Route subject to eligibility (societies, trusts, cooperatives, NBFC-MFIs, Section 25 companies), lender safeguards and due diligence certification by the designated AD, permitted end-uses limited to lending for micro-credit and capacity building, compliance with existing ECB parameters, and AD responsibility to certify borrower status and ensure full forex hedging at drawdown. Circulars FEMA Mon, 19 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11423