RBI guidelines for External Commercial Borrowings ("ECBs") - to finance low income housing

Further to the Ministry / Budget announcement earlier this year, the RBI has announced the specific ECB guidelines for low income housing developers, and housing finance companies (which on lend for individual housing loans less than 25 lakhs) - see links to news articles below

Economic Times article - Dec 17, 2012
Hindu article - Dec 18, 2012

RBI notification - Dec 17, 2012

ECBs for Housing Finance Companies

announcement re liberalising norms for External Commercial Borrowings ("ECBs") - see links to articles below - it seems that HFCs will be permitted to raise ECBs to finance low income housing projects.

Business Today article

Mint article