SANCTIONING AUTHORITY

Sr. No.

Term Loan Amount

Sanctioning Authority

1.

Upto Rs. 15.00 Lacs

Branch Manager

2.

Over Rs. 15.00 Lacs to Rs. 35.00 Lacs

Committee of Senior Officers at Head Office

3.

Over Rs. 35.00 Lacs to Rs. 100.00 Lacs

Managing Director

4.

Over Rs. 100.00 Lacs to Rs. 300.00 Lacs

Executive Committee

5.

Over Rs. 300.00 Lacs

Board of Directors


Joint Financing Cases with HSIDC

a)

Where HSIDC is lead institution

Managing Director, HFC (After loan has been sanctioned by the Board of Directors, HSIDC)

b)

Where HFC is lead institution

Board of Directors, HFC.