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Subject 1200 Indians queue up to shell out half-a-million dollars for US green card

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Original Message MUMBAI: About 1,200 Indians have queued up to shell out half-a-million US dollars each to migrate to the US through a government sponsored 'invest in the US and get a green card scheme', according to immigration consultants. The scramble follows a US government plan to increase the investment such applicants need to make to get an EB-5 visa — from $5,00,000 to $8,00,000 from October 1.

The US Citizenship & Immigration Services (USCIS) approved 111 EB-5 visas for Indian applicants between October 1, 2014 and September 30, 2015 (FY15). The US financial year is from October 1to September 30.

The EB-5 Immigrant Investor Program is a "paid invitation" for non-Americans to invest and live the 'American dream'. While America still keeps its doors ajar for highskilled migrants (through student and job visas), Uncle Sam is now looking for well-heeled foreigners who can invest in his country.

Edited to add good link: [link to economictimes.indiatimes.com]

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