Budget: Govt move to promote FDI, ECB in education to boost sector

While the government has allowed 100% FDI in education sector a few years ago, the use of ECBs to fund education infrastructure is a newly-proposed measure. ECBs are low-cost financing instruments and hence borrowing money through the ECB route will mean lower borrowing cost for institutes. Generally, interest rates on ECBs are in the range of 4-6%.

from Education-Services-Industry-Economic Times https://ift.tt/31qgnLP
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