Application process is completely online. Go to the AIF portal
. Register with mobile phone number and aadhar number to receive an OTP to generate your login credentials. Thereafter, you can apply for loan by filling an application form available on the portal and uploading a copy of Detailed Project Report (DPR). This application will be verified by Central PMU at Ministry and will then be automatically received by the lending institution opted by you on the portal.
The lending institute will appraise the project and decide whether to sanction the loan or reject the application based on viability of project.
After the disbursal of loan, interest subvention and credit guarantee fee will be released by GOI to the lending institution based on the claim submitted by them.
(A detailed video demonstrating the entire application process is available on portal in English and Hindi)