Loan Guidelines

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Intending borrowers may approach the Corporation for financial assistance at the branch offices located at different district Head Quarters or through the Business Development Branch/Central Loan Processing Cell of the Corporation located at the Head Office. However, the loan application forms shall be issued at the Branch Offices to the prospective borrowers only after having preliminary discussion and being satisfied with the information, documents and project reports/brief project profile relating to the projects provided by the intending borrowers or they can use our Web based Loan Management system.

Cost of loan application form: 500.00 per 3 set of loan application forms The applicant shall have to bring the following information / documents along with him or her for the preliminary discussion at the Corporation:-
 

  • Project report or a Project Profile (A Condensed Project Report) relating to the project for which he/she has approached.
  • Information aboutthe promoter(s) of the proposed project.
  • Information about the locations where the project is going to be established.
  • Arrangement of raw materials (for manufacturing project only) and about the marketing arrangement for the proposed project.
  • Sources of promoter's contribution in the proposed project.
  • A copy of industry registration obtained from District Industries and Commerce Center (DICC) and other licenses obtained If any. Information about the security that can be provided against the proposed loan from the Corporation.
  • Balance Sheet, Profit & Loss Account of the concern in case of existing units.

 

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