Who can BoI Assist? Small, medium and large enterprises, excluding cottage industries. New or existing companies, seeking expansion, modernisation or diversification. Credit worthy promoters who 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 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.
Posted on: Sat, 01 Nov 2014 11:00:00 +0000