NRI & Agriculture land in India

Supposing NRI's have invested in a business in India by way of giving loan. The loan is backed by a security i.e. agri land in India. Is it possible for the NRI's to acquire the agriculture land in India if there is failure on the part of the borrower to repay the loan? Kindly clarify .

 

Regards. 

Replies (1)
You have to go through FEMA rules and regulations. on the Reserve Bank of India web site .
FEMA may prohibits to NRI acquire agriculture land in India , Just check current updates on web site of RBI .

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