Checklist to get funded for a Greenfield Project in India

1. Project Planning & Feasibility

• Define the project scope, sector (manufacturing, services, trading), and objectives.

• Conduct a Techno-Economic Viability (TEV) study.

• Prepare a detailed business plan including:

  • Market analysis

  • Financial projections

  • Cost and means of finance

  • Implementation schedule

2. Promoter Due Diligence

• Ensure promoter has:

  • Clean CIBIL/CRIF report

  • Relevant technical and managerial experience

  • Strong financial background and integrity

• For Stand-Up India Scheme:

  • Must be SC/ST or woman entrepreneur

  • First-time venture in the sector

3. Legal & Regulatory Compliance

• Form an Indian entity (e.g., Pvt Ltd, LLP)

• Obtain:

  • Land ownership or lease documents

  • Environmental clearances

  • Local municipal and industrial permits

  • GST, PAN, and other statutory registrations

4. Site Selection & Infrastructure

• Choose a site with:

  • Good connectivity (road, rail, ports)

  • Access to utilities (power, water)

  • Skilled/unskilled labor availability

• Verify land use, boundaries, and market value

5. Vendor & Supply Chain Setup

• Identify and onboard:

  • Equipment suppliers

  • Construction contractors

  • Logistics and facility management partners

6. Workforce Planning

• Recruit key personnel for:

  • Operations

  • Finance

  • Technical roles

• Plan for training and onboarding

7. Funding Sources

• Bank Loans:

  • Prepare loan application with projections and collateral

  • Undergo appraisal and risk rating

• Government Schemes:

  • Stand-Up India: ₹10 lakh to ₹1 crore for SC/ST/women entrepreneurs

  • SIDBI Green Finance: For MSMEs in green sectors

  • PLI Scheme: Incentives for production targets

• Private Investors / VCs (if applicable)

8. Loan Appraisal Process

• Initial discussion with bank

• Submit:

  • KYC documents

  • Project report

  • TEV study (if loan > ₹10 crore)

  • Legal and valuation reports

• Bank conducts:

  • Site visits

  • Promoter background checks

  • Risk assessment and CRA/CUE rating

9. Loan Sanction & Disbursement

• Comply with sanction conditions

• Complete documentation (MOD, ROC filings)

• Disburse in stages based on project milestones

• Monitor progress and adjust DCCO if needed

10. Post-Funding Monitoring

• Regular inspections by bank officials

• Ensure timely implementation and production start

• Maintain compliance with loan terms