What are the FEMA regulations for NRI for borrowing and lending in india?

Essential Guidelines for NRIs: Borrowing, Lending, and Land Ownership Restrictions.

1. Borrowing and lending in INR with relatives is permissible for NRI.
2. Borrowing from relatives is allowed up to $250,000 for NRI accounts.
3. NRI Cannot borrow or lend money to/from friends.
4. Relative is defined as per the Companies Act 2013 for NRI account holders.
5. Resident cannot lend money to anyone in foreign exchange, but NRI accounts can deal with such transactions.
6. NRI/OCI Cannot buy agricultural land but they are allowed to inherit the same. NRI bank account transactions can be used for inheritance purposes.
7. NRI/OCI Cannot receive agricultural land as a gift, which may affect their NRI account benefits in India.
8. Agricultural land includes farmhouses and plantations as well, but NRI account holders cannot invest in these sectors.
9. NRI Cannot invest in the business of chit funds.
10. NRI cannot invest in the business of buying or selling land but can invest through foreign currency non-resident account.
11. NRI cannot invest in the business of trading in transferable development rights. This limitation also applies to investments through FCNR accounts.
12. NRI can invest in the business of buying or selling commercial or residential real estate or construction of roads and bridges via NRI online account opening.

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