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Can ECB be availed for repayment of domestic INR loan?

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Gopal Gopal
Answered on February 14,2020

Yes, provided the ECB is raised under the Track II and III of the ECB framework. However, it is not permitted for NBFCs, developers of SEZs/NMIZs, NBFC-MFIs, NGOs and not for profit companies.

Please refer to link1 or link2 for more information.

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