Minor formalities remain to be completed on this front before the first disbursement, MoS for Food Processing Industries said.
India's industrial production growth slowed to 4.3 per cent in July, dragged mainly by manufacturing sector's poor show.
IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already many facing challenges.
RBI increased loan exposure limit of banks to a single NBFC from 15 per cent to 20 per cent.
Prime Minister Narendra Modi has pledged to grow India to a $5-trillion economy by 2024.
However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.
The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year.
The first step is to accept that the economy is in crisis, said Congress party leader Manmohan Singh.
CBDT has laid down a new criteria to ensure only 'deserving cases get prosecuted'.
In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.