External Commercial Borrowing (ECB)
18/12/2009 23:17
ECB: any credit which is extended for 3 years or more is External Commercial Borrowing.
It is governed by Sec 6 of FEMA.
It can be availed under Automatic Route or Approval Route. Through Automatic Route, approval of RBI / Government Of India is not required and this route is not permitted for individual, trusts, non-profit making organization.