End Use Verification

998399

*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

End use Verification is scrutinizing the routing and utilization of funds towards the specified purpose to ensure it’s utilization as per the pre-agreed terms.

Price 1999

Services covered :
  • Monitoring the end to end utilization of resources/funds to make sure they are not utilized for purpose other than that it was availed.

Documents Required:
  • Copy of Bank Statement
  • Copy of Agreement with the parties

FAQ ()

Question : What is End use verification ?
Answer : End use Verification is scrutinizing the routing and utilization of funds towards the specified purpose to ensure it's utilization as per the pre-agreed terms.
Question : Who needs End Use certification ?
Answer : a. The Banks extending loan facility to its clients. It is important that the loan money is used for the reason that it is taken for. Hence, to avoid such misuse of the loan money, and to ensure availability of money the intended reasons, at the intended rate of interest, banks are supposed to monitor the ‘end use of funds’. b. The individuals/ societies /companies who has availed any loan facility from banks or may have applied any grants under various government schemes (Can give MSME Saarthi reference), or for any other purpose as may be required by regulations in place.