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

Hemant Kumar

Hemant Kumar (Expert)
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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.