Industry project
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2012
Dear Sir,
I have applied loan for milk industry business. i have submitted project and projection details also. my projection detail means of finance 40 lakh project cost and margin is Rs. 10 lakh. loan amt 30lakh. the government Credit Linked back end subsidy 12 lakh. my question is 40lakh less subsidy 12 and margin 10 balance amt loan amount or project cost 40 less margin 10 balance 30 lakh loan amount? which projection is correct? pls explain Regards Thirumarn
I have applied loan for milk industry business. i have submitted project and projection details also. my projection detail means of finance 40 lakh project cost and margin is Rs. 10 lakh. loan amt 30lakh. the government Credit Linked back end subsidy 12 lakh. my question is 40lakh less subsidy 12 and margin 10 balance amt loan amount or project cost 40 less margin 10 balance 30 lakh loan amount? which projection is correct? pls explain Regards Thirumarn
Hemant Kumar
(Expert)
06 October 2012
Project Cost 40 lakh
- Margin 10 lakh
Loan 30 lakh
Your loan amount is 30 lakh.
When subsidy will be received this will creadited to your loan account.
and after that 30 - 12 = 18 lakh you have to repay.
- Margin 10 lakh
Loan 30 lakh
Your loan amount is 30 lakh.
When subsidy will be received this will creadited to your loan account.
and after that 30 - 12 = 18 lakh you have to repay.
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