Branch Managers- SSI Proposals

1. Please interview the applicant and keep record of your conversation with the applicant.
2. Please examine the application and see whether it contains all relevant information.
3. Please check the photocopies of various documents (enclosed with the application) with the original.
4. Please scrutinize the application properly.
5. Please make inspection of the Factory/Unit/Establishment (If existing one ) and in case of a proposed one, please inspect the site.
6. Please make local enquiries to verify the personal data furnished by the proprietor or Partners or Directors.
7. If the line of business (existing or proposed one) is new to you, please obtain brief particulars about the scheme or line of activity from DIC or SISI or NABARD or KVIC/KVIB and get yourself acquainted with that particular line of activity.
8. If you are unable to understand the working capital requirement assessment and corresponding bank borrowing requirement, consult Regional Office (either with concerned Dy. Regional Manager or with Regional Manager/Chief Regional Manager). However, in most of the cases, you should be able to assess these.
9. Properly analyse the previous Balance Sheets and Profit & Loss account Statements (in case of existing units) and projected plan vis-à-vis projected Balance Sheet and Profit & Loss Account statement. Compare the date with those of other similar units. You can take the help of DIC Office or SISI or NABARD or KVIC/KVIB.
10. Examine the market demand of the product/service and assess whether the projection made by the applicant is reasonable.
11. In suitable cases, where collateral/additional securities are required to be obtained, please verify those collaterals thoroughly.
12. In case of a company and if it is already running, conduct search with the officer of Registrar of Companies to ascertain whether the assets of the company are free from any encumbrance.
13. 13.If the Firm/Company is already enjoying term loan from any Financial Institution (like SFC or IDBI/SIDBI or IIBI or IDC etc.) or proposes to enjoy any loan from them, please contact them and ascertain the details from them about the scheme/project/plan/proposed borrower.
14. If the Firm/Company is already banking with any Bank, please contact the said Bank, and get detailed information relating to conduct of the a/c. and also try to gather impression of the said Bank about the proprietor or partners or directors as the case may be.
15. Please go through the checklist for the SSI entrepreneurs and see whether all the points have been covered in the application and whether photocopies of all relevant documents have been enclosed.

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