BUDGET
To hike overall invest cap for PROIs under portfolio scheme to 24%
This story was originally published at 18:48 IST on 1 February 2026
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--BUDGET: Propose upping individual invest limit to 10% from 5% for PROIs
--BUDGET: Propose overall invest limit hike for PROIs to 24% from 10%
MUMBAI – The government will raise the overall investment limit for individual Persons Residing Outside India (PROI) under the 'Portfolio Investment Scheme', Finance Minister Nirmala Sitharaman said in Parliament Sunday, presenting the Budget for 2026-27 (Apr-Mar). The government has proposed increasing the investment limit for an individual PROI under this scheme from 5% to 10%, with an overall investment limit for all individual PROIs rising from 10% to 24%, Sitharaman said.
The government will also review the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, to boost foreign direct investment and foreign institutional investment. "I propose a comprehensive review of the Foreign Exchange Management (Non-debt Instruments) Rules to create a more contemporary, user-friendly framework for foreign investments, consistent with India's evolving economic priorities," Sitharaman said. End
Reported by Shweta
Edited by Saji George Titus
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