Working Capital to Production and Manufacturing
11.75%
Boost Business Cash Flow – Working Capital for Manufacturing Units!
Purpose: For the purpose of meeting working capital gap
Eligibility
- Production & Manufacturing units.
Quantum
- Maximum of 75% of the assets of the company or 50% of the stock value of
Tenure
- One year subject to review and renewal thereafter
Documents Required
- Duly filled-in application form
- Copy of citizenship identity card of promoters
- Company/Business income tax assessment and tax clearance certificate of company/business units, if it is in operation.
- Certificate of Incorporation issued by the ROC, if applicable.
- Audited Financial Statements- Balance sheet & P& L Account for last three years, if it is in operation.
- Projected profit & loss statement for next financial year
- Latest stock position, if it is in operation
- Invoice of stocks to be purchased.
- Valid Trade License.
- Board resolution wherever applicable
- Copy of tax assessment and tax clearance certificate (not applicable to new business).
- Copy of stock insurance/ building insurance/company assets insurance
- Ownership certificate(s) of the collateral security offered to bank.
- Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
- For family-owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
- Production & Manufacturing units.
- Maximum of 75% of the assets of the company or 50% of the stock value of
- One year subject to review and renewal thereafter
- Duly filled-in application form
- Copy of citizenship identity card of promoters
- Company/Business income tax assessment and tax clearance certificate of company/business units, if it is in operation.
- Certificate of Incorporation issued by the ROC, if applicable.
- Audited Financial Statements- Balance sheet & P& L Account for last three years, if it is in operation.
- Projected profit & loss statement for next financial year
- Latest stock position, if it is in operation
- Invoice of stocks to be purchased.
- Valid Trade License.
- Board resolution wherever applicable
- Copy of tax assessment and tax clearance certificate (not applicable to new business).
- Copy of stock insurance/ building insurance/company assets insurance
- Ownership certificate(s) of the collateral security offered to bank.
- Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
- For family-owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
