- How do I approach RVCF for funding?
- How much time is taken by RVCF for 'in principle' approval?
- Is there any processing fee?
- How much time does it take for total process of sanction?
- What sort of project does RVCF fund ?
- Is there any geographical bar on location of a project seeking assistance from RVCF ?
- What are the important eligibility criteria's for RVCF funding?
- How much maximum funding is possible from RVCF ?
Q1. How do I approach RVCF for funding?
Ans.You need to prepare a brief business plan containing details of your existing activities, experience, proposed product details, estimated investment, means of finance and any other special feature about the investment proposal. You can send your business plan by E-mail or by post. If RVCF finds the proposal worth supporting then it may communicates 'in principle' approval for further processing of the case. You will be required to submit a detailed Business Plan containing the following:
Executive Summary - Brief details of the project and extent of financial support required.
Resume of the promoters and key management team with references.
Details of financial assistance, if already availed from any other funds or Fls/Banks.
Details of associate companies/firms belonging to the Promoter.
Capital outlay proposed and means of funding.
Detailed shareholding pattern, both existing as well as proposed, with details of the extent of interest of each major shareholder/promoter.
Human resources available as well as required in future alongwith details of stock option plans already existing for both management and Employees.
Financial performance of the company (if applicable) for the past five years.
Financial projections alongwith underlying assumptions.
Technology tie-up alongwith copies of agreements.
Technology strengths vis-a-vis competitors.
Major clients alongwith details of orders executed for them as well as marketing strategy proposed.
Details of overseas and domestic site offices, representative offices and subsidiaries/associates set-up abroad for marketing/offshore development.
Competitive strengths as perceived by the promoters and the management.
Implementation schedule.
Detailed Risk Analysis.
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Q2. How much time is taken by RVCF for 'in principle' approval?
Ans. RVCF normally conveys 'in principle' approval for taking up the proposal for funding within 3 weeks.
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Q3. Is there any processing fee?
Ans. Yes, once RVCF extends 'in principle' approval a processing fee of 0.1% of investment envisaged will be charged. Further the applicant has to pay to the fund service charges @ 1% of the investment before the issuance of Letter of Intent.
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Q4. How much time does it take for total process of sanction?
Ans. It takes normally 3 months, after the receipt of the detailed business plan alongwith desired information.
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Q5. What sort of project does RVCF fund ?
Ans. RVCF is mandated to fund technology driven projects in general and IT, Bio-Technology, Retail, Auto, Agri-Tech, Health Care, Tourism and Entertainment Sectors in particular.
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Q6. Is there any geographical bar on location of a project seeking assistance from RVCF?
Ans. RVCF is a pan India fund, however, focusing on Rajasthan and NCR based
projects. It may consider investment out side Rajasthan and NCR on case to case basis.
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Q7. What are the important eligibility criteria's for RVCF funding?
Ans. The project should have potential of high growth and high returns. The promoter should possess necessary expertise to run the project.
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Q8.How much maximum funding is possible from RVCF?
Ans. RVCF can fund a project up to an equity investment of 40% subject to maximum of Rs. 20 Crores. The fund investment will be in the form of equity or quasi equity / equity related instruments and or conditional loans / debentures.
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