Plain-language explainer
The repeated errors that weaken an otherwise eligible file. and how to avoid them before they cost a season or a loan opportunity.
A project report that could describe any business usually convinces no one. Officers and bankers look for local demand, credible costs, quotations, a realistic wage bill, and a repayment plan. Many projects also budget for machinery but forget stock, electricity, rent, salaries, and the first months of collection delay. Working capital is not an optional line.
Pre-sanction purchases can make a cost ineligible under a subsidy programme. Do not assume a dealer’s verbal promise is enough. Confirm the timing, approved dealer rules, quotation format, and inspection process with the implementing office before making a payment.
Different spellings, an inactive bank account, a missing signature, unclear land or rental proof, old quotations, and incomplete registrations can all stop a file. Once filed, follow up with the application number and ask what is still needed. Slow does not always mean rejected; silence does not mean approved.
No consultant, agent, or intermediary can sell an approval. Pay only for clearly described work such as a project report, if you choose to use help, never for a “guaranteed subsidy”, cash request to move a file, or an advance-fee loan offer. Use official portals and named department contacts wherever possible.