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Prakash Kumar at Entrepreneur India 2011

Tags: franchise, business

January 07, 2013 | COMMENTS ( 0 )

Speaking at Entrepreneur India 2011, Prakash Kumar stated he found the event very interesting wherein the audience was very inquisitive. He was thrilled to see such an audience which wanted to learn so much. Despite his presentation being over for more than an hour the audiences were still asking questions to Prakash about various topics and concerns. Prakash further spoke on the functioning of SIDBI and the various schemes offered by it. He said that the business models are definitely important and track record is important wherein the banks would look for the balance sheet and IT returns and CIBEL score for the last three years, these details are of prime importance to secure a loan stated Prakash. The project which the bank would fund would be one which is highly viable; it need not be one with high growth and high risk however it should be one which is scalable. Overall the credit worthiness and the quantum of credit which the bank can trust the borrower should be one which has been handled with care.

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