Raw material financing is the working capital loan that is given to address the need for raw materials for a project. It can be used to purchase raw materials or manage day-to-day business expenses according to the requirements.
Criteria for availing Raw Material Funding:
Good CIBIL or credit score shall be an added advantage.
Business should also be at least 3 years old.
Business must have an annual turnover above 2 Crores.
