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Submit
Application form in the Corporation during 10.30 A.M to
1.30 PM on all working Days. Application form will be
scrutinized on the spot, discrepancy if any found, will be
conveyed to applicant at the same time. |
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Verification
of applicant will be made within one week by the Manager
(Legal & Recovery). |
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Applicant
fulfilling eligibility criteria will be called for personal
interview before Loan Sanctioning Committee tentatively
within one month from the date of submission of
application form. |
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The selected applicants whose
loan amount is less than Rs.10.00 lakhs will be called to
complete the documentary requirements and deposit promoter's
Contribution as indicated in the table above. |
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The case of selected applicant
whose loan amount is more Rs.10.00 lakhs will be placed
before High Powered Committee. The sanction letter will be
issued within 10 days from the recommendation by the High
Powered Committee. the Recommended applicant will be asked
to complete the documentary requirement and deposit
the Promoter's Contribution as indicated in the table above
within one month from the date of receipt of sanction
letter. |
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If the Corporation comes across
New
Project then the project will be placed before the next
Board of Director's meeting for its approval. The sanction
letter will be issued within 10 days from the recommendation
by the Board of Directors. The Recommended applicant will
be asked to complete the documentary requirement and
deposit the Promoter's Contribution as indicated in the
table above with in one month from the date of receipt of
sanction letter. |
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Loan will be disbursed to the
applicant within 10 days after completion of the
formalities. |
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