Eligibility Criteria for Lending Services
To ensure a streamlined evaluation process and establish successful, long-term partnerships, we have defined the following eligibility framework for all applicants seeking funding from our fund.
1. Legal and Operational Requirements
- The applicant must be a registered legal entity, either in India or abroad.
- A minimum of 2 years of operational history is required for established businesses.
- For startups, there must be demonstrated high growth potential and eligibility for Series A or later-stage funding.
2. Sectoral Focus
We currently extend funding to businesses operating within the following sectors:
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- Real Estate
- Manufacturing
- Other approved industries such as:
- Infrastructure
- Renewable Energy
- High-growth Startups
3. Financial Integrity and Creditworthiness
- The business and/or its promoters must demonstrate a favorable credit profile.
- There should be no significant defaults or negative credit events in past financial obligations.
4. Collateral Requirements
- Collateral coverage of 2X to 3X of the loan amount is required.
- Acceptable collateral types include:
- Real estate (residential, commercial, or industrial)
- Land with clear title and free from litigation
- Fixed assets (e.g., plant and machinery)
- Tangible business assets or other fund-approved securities
- Collateral must be:
- Independently appraised or appraised by fund-appointed valuers
- Supported by clear and undisputed ownership/title documents
5. Documentation Requirements
Basic Documentation
- Company profile and registration certificates (GST, CIN)
- Director/Partner details
- KYC (Aadhaar & PAN for Indian entities)
- Bank statements (minimum 1 year)
- Project report and proposed fund utilization
- Details and legal papers of the property offered as collateral
- Legal structure documents:
- Partnership deed (if applicable)
- DIN, AOA, and MOA (for LLPs or Private Limited Companies)
- Income Tax Returns (ITR) for company and promoters (last 2–3 years)
Additional Documentation (as required)
- Proof of minimum revenue or turnover (varies by loan size)
- Extended bank statements (up to last 3 years)
- Audited financial statements (Profit & Loss, Balance Sheet) for last 2–3 years
(Not mandatory for early-stage startups eligible for Series A) - Detailed business plan with:
- Use of funds
- Financial projections
- Growth strategy
6. Industry-Specific Criteria
Real Estate
- Projects must have all necessary regulatory approvals and clearances
- Land development must be free from legal disputes
Manufacturing
- Applicants seeking funding for expansion or modernization must submit detailed feasibility studies or growth projections
Startups
- Clear proof of concept, demonstrated market traction, and a strong founding team
- Collateral-backed security required for Series A funding
7. Financial Sustainability
- Demonstrated ability to manage cash flows and service debt over the loan tenure
- Strong business or project fundamentals with a sound operational model
Exclusions
We do not fund:
- Businesses or projects in prohibited or high-risk sectors, including:
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- Speculative ventures
- Gambling
- Environmentally harmful activities
- Applicants with:
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- Unresolved legal disputes
- Ongoing regulatory actions
- Poor financial or ethical track records