External Commercial Borrowings :
Proposals for raising foreign currency loans / credits viz Buyer's Credits, Supplier's Credits or Lines of Credits by firms / companies / lending institutions, banks, etc. for financing cost of import of goods, technology or for any other purposes, other than short-term loans / credits maturing within one year should first be submitted to Government, Ministry of Finance (Department Economic Affairs), ECB Division for necessary clearance. The proposals are considered by the Government on merits of each case and in the light of prevailing Government policy.
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