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    <title>High Level Committee on External Commercial Borrowings (HLCECB) takes Various Decisions; Permits Sidbi for Accessing ECB for on-lending to MSME Sector Subject to Certain Conditions</title>
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    <description>SIDBI is permitted as an eligible borrower to access ECB for on lending to the MSME sector subject to specified conditions. Non resident entities may credit enhance INR bond issues and bond maturity requirements have been shortened; foreign portfolio investors may invest in these bonds within the corporate bond envelope. National housing institutions and housing finance companies are eligible borrowers for low cost housing financing. Refinancing of buyer&#039;s credit for infrastructure capital goods is placed under the automatic route with an increased maturity, and a refinancing scheme for infrastructure and manufacturing firms has an increased ECB conversion limit and now includes qualifying SPVs.</description>
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    <pubDate>Thu, 23 Aug 2012 11:26:17 +0530</pubDate>
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      <title>High Level Committee on External Commercial Borrowings (HLCECB) takes Various Decisions; Permits Sidbi for Accessing ECB for on-lending to MSME Sector Subject to Certain Conditions</title>
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      <description>SIDBI is permitted as an eligible borrower to access ECB for on lending to the MSME sector subject to specified conditions. Non resident entities may credit enhance INR bond issues and bond maturity requirements have been shortened; foreign portfolio investors may invest in these bonds within the corporate bond envelope. National housing institutions and housing finance companies are eligible borrowers for low cost housing financing. Refinancing of buyer&#039;s credit for infrastructure capital goods is placed under the automatic route with an increased maturity, and a refinancing scheme for infrastructure and manufacturing firms has an increased ECB conversion limit and now includes qualifying SPVs.</description>
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