19. Does the Fund provide capital to projects being developed by partnership firms or individuals?
30 Jun
By admin0 comment
Yes, the Fund requires that the individual or partnership firm incorporates a new private limited company to develop the project. The cost of transfer of assets to this private limited company can be considered as part of the cost of the project for which funding is required. Once that is done, the Fund can provide the capital required to complete the project if it meets the rest of it’s investment criteria.