It is important to know that you will have to qualify the eligibility criteria before applying for a project loan. The eligibility is as follows:
Criteria |
Details |
Minimum age |
18 years |
Maximum age |
65 years |
Annual turnover |
Depends on the volume of the business, as well as, the business requirements |
Existence period of the business |
For a minimum period of 2 years |
ITR requirement |
For the last year |
Profitability details |
Last 2 years of the profit quantum |
Citizenship |
Should be a citizen of the Indian subcontinent with no previous defaults related to any financial institution |