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    <title>SIDBI to PROCURE ECBs</title>
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    <description>Permission permits SIDBI to avail External Commercial Borrowings for on lending exclusively to enterprises within the Micro, Small and Medium Enterprises sector under the MSMED Act, 2006, subject to conditions; such ECBs must not be diverted by SIDBI into the housing sector, while the ECB framework nonetheless allows financing for low cost and affordable housing projects and units when raised by eligible project developers, housing financing institutions, and housing finance companies under applicable conditions.</description>
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