| Eligibility |
Any Individual, Firm or Companies. |
| Purpose |
Project Financing & Working Capital. |
| Quantum of Loan |
75% of Project Cost. |
Rate of
Interest |
13% for Working Capital
12% for Term Loan |
Repayment
Period |
5 – 10 years. |
| Security |
Hypothecation of stocks & industrial assets viz. Plant and Machinery. |
Documents
Required |
- Copy of Industrial Licence.
- Government’s approval for project establishment.
- Clearance from National Environment Commission
- Detailed Project Report with brief description of the product(s), location of the project, market study, raw materials, probable buyers and economic benefit to the country etc supported by financial projections.
- Estimates for Civil Works / Quotations for machinery & miscellaneous fixed Assets.
- Audited Financial statements for the last 3 years (in case of existing companies).
- Ownership Certificate of the land / lease agreement etc.
- Technical Collaboration Agreement / Technical Know-How Agreement.
- Letter assuring release of foreign exchange from Ministry of Trade and Industry in cases involving import of machinery / raw material.
|
For further information, please contact our nearest branch or the Credit Department at Head Office, Phuentsholing. |
