Preparation of Information Memorandum

Discussions with Financial Institutions and banks

Shortlisting 1 0r 2 banks

Application to Shortlisted Bank/financial Institution

Discussions with FIs regarding Feasibility and

Detailed appraisal of project

Amendment of project Report if Required by FIs after appraisal

Issue of sanction Letter for term loan (by FIs)

Acceptance of Terms and Conditions

Execution of Loan Agreement

Documentation and Creation of Security

Application for Disbursement of loan