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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(This article was published in the Business Line print edition dated April 20, 2005)
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