Term Loans are provided for encouraging young & enterprising entrepreneurs and unemployed persons for creating self-employment opportunities through Tourism Development.
Documents required:
Duly filled up Application Form along with BM recommendation
Any two Credit Report-CIBIL or EQUIFAX or CRIF or EXPERIAN
Financial Projection Report of the proposed project prepared by Chartered Accountant
Salary Certificate and particular of service of the Surety issued by Head of Department
Qualification or Experience or Training Certificate of the Applicant
Passport size photograph of the Applicant and Surety
EPIC or PAN Card of the Applicant
Consent to stand surety and undertaking
NOC from Competent Authority for setting up the proposed project
Project Report, Plan and estimate of the proposed project prepared by Engineer
Quotations
Registered Title Deed, Non Encumbrance Certificate, No Objection from KHADC or JHADC or GHADC, Land Valuation Certificate
Registration of the Society, Resolution of the Managing Committee or Executive Committee, Bye Laws of the Society, Undertaking from the MC members for timely repayment of the loan, Audited Balance Sheet of the Society for the last three years, Source of income of the society, ID and Address proof of Chairman and Secretary of the society (Required if Applicant is a Society)
Electricity Connection
Search Report from any Advocate empanelled with any Nationalised or Public Sector Bank
Valuation Report from any Registered Valuer empanelled with any Nationalised or Public Sector Bank
Applicants can visit the nearest branch of The Meghalaya Co-Operative Apex Bank Ltd
