Financing of Projects | Economics related to Building Industry
Financing of Projects is the most important factor determining the success of the project. Various factors influence the success of a project.
In this article, we are going to study the major factors that are responsible for the success of the Building project…
Here are the four factors:
- Sources
- Total Cost Estimation of the Project
- Utility in Financing
- Agencies and Institutions directly and indirectly influencing the economic aspects of a project
Sources
Loans are available for both purchasers and Builders from:
All Nationalized Banks,
Co-operative Banks,
Private Banks,
LIC HFL,
Finance Companies,
Insurance Companies like General Insurance Co (GIC), United India Insurance Co Ltd, National Insurance Co Ltd, Oriental Insurance Co Ltd, New India Assurance Co Ltd (for the employees), Foreign Direct Investment FDI, 20 Nationalised Banks along with Regional Rural Banks come under Public sector.
Commercial Banks, Cooperative Banks operate under provisions of Cooperative societies Law of states – for credit and non-credit purpose.