Enhancing the maximum permissible limit of ECB, the RBI increased the overseas borrowing cap to 75% of the company's last three-year average forex earnings or 50% of the highest foreign exchange earnings realized in any of the immediate past three financial years, whichever is higher;

Special Purpose Vehicles (SPVs), which have completed at least one year of existence and do not have sufficient track record for three financial years, the maximum permissible ECB will be limited to 50% of the annual export earnings realized during the past financial year.

The maximum ECB that can be availed by an individual company or group, as a whole, under this scheme will be restricted to USD 3 billion.

As per earlier rules, the maximum permissible ECB that can be availed of by an individual company was limited to 50% of the average annual export earnings realised during the past three financial years.

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