Get In Common Loan Application Form 2015-2025

The IN Common Loan Application Form is a crucial document for cooperatives seeking financial support for various projects. This guide provides clear and concise instructions for successfully completing the form online, ensuring you provide all necessary information to enhance your application.

Follow the steps to effectively complete the form.

1. Click ‘Get Form’ button to obtain the form and open it in your browser.
2. Carefully review Part A, which requires general information about the borrowing cooperative. Fill in the name, address, and contact details of the applicant society, including telephone, fax, and email information. Provide the names and contact numbers of key officials such as the Managing Director or Chairman.
3. Continue with the society details section, specifying if it is a state or multi-state cooperative. Include elected or nominated board member details, including the number of directors and their demographics (SC, ST, women). Attach brief bio-data of board members and promoters if required.
4. In the proposed activities section, describe the purpose of the loan, including the registration number, date, and the objective of the society as outlined in the bye-laws.
5. Proceed to financial details by summarizing the profit and loss accounts for the preceding three years. Make sure to list key financial indicators such as gross profit, net profit, and total assets. Template figures can be used where firm data is unavailable, provided they are clearly noted as preliminary.
6. In Part B, provide a detailed description of the proposed project including project type, location, capacity, and products. If applicable, include details on the expansion or modernization of existing facilities.
7. Following this, provide a marketing strategy as well as an implementation schedule detailing various stages of project development and completion timelines, formatted as a bar chart if possible.
8. Ensure to complete the checklist by ticking the necessary documents that accompany the application, such as the detailed project report and financial projections.
9. Finally, authorize the document by entering the name and designation of the signatory, adding the seal of the society, and including the date of submission.
10. Once all fields are completed, you can download and save a copy of the filled form, or print it for your records and future correspondence.

Start filling out your IN Common Loan Application Form online today.