After successful submission of LAF, lender will pick the LAF from portal. Then Lender will approve the loan after examining the project/documents submitted by applicant and completing their internal deligent process. Lender will upload sanction letter on the portal.
Ministry will approve Interest subvention based on the sanction letter provided by lenders and ministry will mark approval of the same on portal.
After compliance of terms and conditions mentioned in the sanction letter, lender will disburse the loan amount to the beneficiary. Further, lender will centrally make request to ministry for interest subvention.