Sanctioning Authority


Keeping in view the revision in the limit of accommodation, the powers to sanction of loans have been delegated to various Committees/authority. The dispensation at different levels is given, as under:-

Authority

Proposed

Board of Directors

Above ` 3 crore upto ` 10 crore

Executive Committee

Above ` 1 crore up to ` 3.00 crore.

In House-Committee (comprising of M.D, G.M, DGMs and Branch Head of the concerned District with Chief Manager(MIS) as the Member Secretary)

Above ` 49.00 lakh upto ` 1.00 crore

Managing Director

Upto ` 49.00 lakh

District Officers

Upto ` 9.00 lakh (District Incharges upto Rs.5.00 only)
[ in Transport Sector only]

DGMs (LBOs)

Upto ` 9.00 lakh
[ in Transport Sector only]