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· Bank Loan Project Report. A bank is considered a safe and secure place where we could invest our wealth as cash, keep our valuables in locker and also cash transactions. Often when there is a tight for our cash flow we take loan from the bank. This may be for various purposes like eduional, occasional, agricultural, property, vehicle etc.
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· Project Report Its Role in Bank Loan Approval What is a project report? A written document related to forecasting of future income Expenditure and its financial viability, containing information or details proving the worthiness or potential of a project / Business Idea or Business entity is known as the Project Report.
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This report is the business plan, projects or technical analysis etc. for any credits to taking from banks. The project report must be present in a particular kind of format called CMA Data Credit Monitoring Arrangement data format for bank loans which prescribe by RBI Reserve Bank of India. Also, this format depends on the type of loan.
Sources of Project Financing The financing is of the project investment requirement of Birr Million is planned to be sourced from two parties: equity and debt to be obtained from bank on long term basis to be repaid within nine years of the project life with 2 years of grace periods payable from the proceeds of direct sales revenue within the project life.
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