MIB cancels tripartite agreements in DTH sector for loan assistance

NEW DELHI: The Government today cancelled the provision for tripartite agreements to provide loans to Indian direct-to-home (DTH) operators.

According to the Ministry of Information and Broadcasting (MIB), the provision had been made for financial loan and assistance in the DTH sector by assigning licence agreement as security to banks as well as financial institutions.

This was to be done in the form of a tripartite agreement with the bank or financial institution, the operator and the government.

An order to this effect had been issued by the Ministry on 3 December, 2009.

The order has now come into immediate effect.