The evaluation process involves three main phases, which takes an average about twelve weeks. The process starts upon receiving an application form together with detailed business plan and other certified supporting documents.
The phases of processing of applications are as shown below:
- STEP 1 : Screening
- STEP 2 : Evaluation
- STEP 3 : Approval
Screening of Application
This process is to ascertain whether the application and documents submitted fulfill the basic eligibility criteria. Incomplete submission or non-eligible submission will be returned to the applicant.
Evaluation of Application
This phase requires a thorough evaluation to ensure that the proposed project’s objectives and other requirements are in line with the HTDF’s objectives. During the process, applicants will be called for a presentation and discussion on the proposal. A visit by the Evaluation Officer to the company’s premise will also be conducted as part of the evaluation process.
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). The applicants may also be required to present their proposal to the respective committees themselves. All successful and unsuccessful applicants will be informed officially after the Approval Committee has made the decisions.
Application Process Flow