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Wednesday, Apr 20, 2005

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Industry & Economy - Overseas Borrowings


ECB access for qualified NGOs

NEW DELHI: Qualified non-governmental organisations engaged in micro-finance can now use the external commercial borrowing window. An announcement to this effect was made in the Union Budget 2005-06 and has now been operationalised.

Mr S.S. Palanimanickam, Minister of State for Finance, gave this information in reply to a question raised by Mr Rama Mohana Rao in the Rajya Sabha on Tuesday.

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ECB access for qualified NGOs


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