Institutional/ Governance Criteria

i. Should have a duly constituted Governing Body such as Board of Directors/Management Committee as applicable to the legal form of the Eligible End Borrower.

ii. Should have a full-time Chief Executive/Managing Director (or equivalent) and adequate number of qualified technical and managerial personnel at key positions.

iii. Should not have any Director on the board who has defaulted to any bank/financial institution.