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🎯 An entrepreneur/ industrialist desirous of setting up his own industry has to perform multifarious activities in a logical sequence.
🎯 Setting up may be new or an addition to the existing unit
🎯 He has to arrange finance for setting up new industry or in addition to existing unit.
🎯 He has to obtain finance from the Bank / FIs. or from the market
🎯 Before obtaining finance from the Bank, the Bankers will conduct TEV study
On the basis of policy of the Bank, the TEV Study limit has been fixed by the Bankers.
🎯 TEV study is normally conducted for the loans for Rs.50.00 lacs and above, as insisted by majority of Banks.
🎯 TEV study is mandatory for loans above Rs.10.00 crores.
🎯 When a loan proposal is received from the customer/ borrower, the Branch Manager will have to appraise the project to know whether the project is technically and financially feasible and viable?
🎯 If the Bank lends the money, whether there will be regular repayment of loans out of the internal generation of funds?
🎯 Whether adequate securities are available against Bank’s exposure and what will be the FMV?
🎯 To collect the necessary information/ documents from the customer/ Bank.
🎯 To study the projections given in the project report,
🎯 To visit the site to verify the land, building, machinery etc. as per the projections.
🎯 Submit the report on financial and technical aspects of the unit to the Bank with concluding remarks.