The evaluation process involves three main phases. The process starts upon receipt of an application form together with detailed business plan and other supporting documents.
The phases are:
This process is to determine whether the application and documents submitted fulfil the set basic eligibility criteria. Incomplete submission or non eligible submission will be returned to the applicant.
This phase requires a thorough evaluation to ensure that the proposed project's objectives and other requirements are in line with the fund's objectives. During the process, applicants will be called upon for a presentation and discussion on the proposal. A visit by the Evaluation Officer to the company's premises will also be conducted as part of the evaluation process.
3. Approval of Application
Once the applicant meets all the requirements, the Evaluation Officer will compile and prepare reports before presenting the proposal to the fund's Technical Committee (TC) for deliberation and subsequently to the Approval Committee (AC) for endorsement of recommendations made by the TC. The applicants may also be required to present their proposal to the respective committees. All successful and unsuccessful applicants will be informed officially after decisions were made by the AC.