USD 100 Million Schema

All corporates and institutions are permitted to raise ECB up to USD 100 million equivalent at a  minimum simple maturity of 3 years.  borrowers may utilise the proceeds under this windOw for

general corporate objectives, without any end-use restrictions, but excluding investments in stock  markets or in real estate. The loan  mount may be raised in one or more tranches, subject to the caveat that the total outstanding loan under this scheme at any point of time   should no: exceed USD 100 million. Each tranche should have a minimum simple maturity of 3 years. As a measure of’ simplification and   regulation, of this scheme, for the benefit of corporates and institutions, the Government has delegated sanctioning powers to the RBI

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