ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Congress Split and the Left

December 13, 1969 which in the opinion of the financing institutions need further processing to prove their project viability, commercial feasibility, and market prospects, would be passed on to the team. The team's main task will be to work with the promoter, either at the plant or in their own office, working out the promoter's idea into a viable project-report, restructuring or recasting the project details, supplementing the data already provided. The role of this team will be to help the promoters formulate a bankable project and thus to assist the financing institution to screen and arrive at a financing decision. The primary responsibility for the financing decisions, and hence the basic financing risks, will of course devolve on the financing institution itself. Promotional and post- financing follow-up functions could, however, be subsequently entrusted to the teams.

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