Window I – Concessional Credit line (CCL)

This facility is to support new business startups and expansion of existing businesses for the targeted sectors. The sectors eligible for the CCL are given in the common SOP guideline of the FIAB.

Eligibility Criteria

Agriculture and livestock productivity (Poultry farming, etc.)

Document Checklist

1. Duly filled ESP Application Form signed on all the pages (Full Signature), including annexures.
2. Copy of valid Citizenship Identity (CID) of applicant(s).
3. Valid Trade License (if applicable)
4. Estimates for Civil Works/Quotations for machinery & miscellaneous fixed assets — proper break-up along with quotations/invoices.
5. Ownership Certificate of the land/lease agreement etc. (if applicable)
6. Technical Assessment from Dzongkhag or Thromde
7. Technical Clearance from the relevant agencies.

Additional Checklist for applications with more than 1 million project costs:

1. Detail Project Report
2. Technical Collaboration Agreement/Technical Know-How Agreement, if applicable.

Window II – Reinvigoration Fund (RGF)

This fund supports distressed projects/businesses with potential to recover from setbacks caused by Covid-19 or external factors. Applications from branches are reviewed by the ESP Unit.

Eligibility Criteria

Distressed projects and businesses unable to complete, operate, or take off — including NPL/Deferred/Charge-off loans under gestation.

Document Checklist

1. Detailed Revival plans — both Modality I and II
2. Supporting documents related to the revival plans
3. Consent from the guarantors/co-owner (if applicable)
4. Actual/Audited/Projected financial statements (if applicable)
5. Valid Trade License & Tax clearance (if applicable)
6. Valid Insurance policy copy (if applicable)
7. Valid CID copy
8. Documents related to additional collateral security being offered