Who Can The Bank Of Industry Assist?

Small, medium, and large enterprises, excluding cottage industries.
New or existing companies, seeking expansion, modernization, or diversification.
Credit-worthy promoters will be required to prove their commitment to the project by contributing at least 25% of the project cost excluding land.
Borrowers whose management capability, financial situation (including the availability of collateral and guarantee), character, and reputation are incontrovertible.
Clients with demonstrable ability to meet loan repayments.
Borrowers with no record of unpaid loans to erstwhile development finance institutions and other banks.

Criterias Business Need to Meet to Access Loans

Formal letter of application.
Photocopy of Certificate of Registration or Incorporation of the Certified True Copies of Forms C02 and C07.
A photocopy of the Certified True Copy of Memorandum and Articles of Association of the Company.
Feasibility Study Report (4 copies)