It is heard that NRI can not purchas agriculture land in India.. Is it true nd if so what is the ground behind the provision.. Why not encourage the agriculture in India by NRIs..
M.R.K.PRASAD-Advocate (SELF) 13 April 2013
It is heard that NRI can not purchas agriculture land in India.. Is it true nd if so what is the ground behind the provision.. Why not encourage the agriculture in India by NRIs..
Advocate Sastry (Advocate) 13 April 2013
Yes it is TRUE... As per RBI guidelines on NRI investments, investment in agriculture, plantation and farm house are not allowed. For the remaining part of your query search RBI website.
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