Approval of Financial Assistance
APPROVING/SANCTIONING AUTHORITIES FOR FINANCIAL ASSISTANCE AT TDB:
TDB provides financial assistance upto 50% of the project cost (as soft loan); 25% of project cost (equity) and grant (in exceptional cases). As per laid down procedure following are the approving / sanctioning authorities for financial assistance at TDB:
- upto Rs. 2.50 crore: Chairperson, TDB;
- between Rs. 2.50 crore to Rs. 10.00 crore: Sub-committee of the Board;
- above Rs. 10.00 crore: Board.