diff --git a/mifosng-db/patches-post-multi-tenant/patch-0007-add-loan-transaction-strategy-table-and-relationships.sql b/mifosng-db/patches-post-multi-tenant/patch-0007-add-loan-transaction-strategy-table-and-relationships.sql
index e2b46a677..e2a385c3a 100644
--- a/mifosng-db/patches-post-multi-tenant/patch-0007-add-loan-transaction-strategy-table-and-relationships.sql
+++ b/mifosng-db/patches-post-multi-tenant/patch-0007-add-loan-transaction-strategy-table-and-relationships.sql
@@ -18,4 +18,12 @@ ADD COLUMN `loan_transaction_strategy_id` bigint(20) DEFAULT NULL,
 ADD KEY `FK_ltp_strategy` (`loan_transaction_strategy_id`),
 ADD CONSTRAINT `FK_ltp_strategy` FOREIGN KEY (`loan_transaction_strategy_id`) REFERENCES `ref_loan_transaction_processing_strategy` (`id`);
 
--- update ref table with out-of-the-box strategies
\ No newline at end of file
+-- update ref table with out-of-the-box strategies
+
+INSERT INTO `ref_loan_transaction_processing_strategy`
+(`id`,`code`,`name`)
+VALUES
+(1, 'mifos-standard-strategy', 'Mifos style'),
+(2, 'heavensfamily-strategy', 'Heavensfamily'),
+(3, 'creocore-strategy', 'Creocore'),
+(4, 'rbi-india-strategy', 'RBI (India)');
\ No newline at end of file