https://www.taxtmi.com/notifications?id=3756 Insertion permits Indian incorporated bodies to grant rupee loans to NRI or PIO employees for personal purposes, including housing, provided loans follow the lender's staff welfare/housing loan schemes and resident-staff terms; loan proceeds must not be used for specified disallowed purposes; proceeds must be credited to the borrower's NRO account; and repayment must be by remittance from abroad or from the borrower's NRE/NRO/FCNR accounts, with lenders prohibited from accepting other sources. en-us Tue, 20 Aug 2002 00:00:00 +0530 Wed, 15 Jul 2009 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3756 Insertion permits Indian incorporated bodies to grant rupee loans to NRI or PIO employees for personal purposes, including housing, provided loans follow the lender's staff welfare/housing loan schemes and resident-staff terms; loan proceeds must not be used for specified disallowed purposes; proceeds must be credited to the borrower's NRO account; and repayment must be by remittance from abroad or from the borrower's NRE/NRO/FCNR accounts, with lenders prohibited from accepting other sources. Notifications FEMA Tue, 20 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3756