Can you explain the documents required as proof for my relative's business when applying for a loan?

To apply for a business loan in India, your relative will need to provide documents that prove the business’s identity, address, and financial stability. Common requirements include:

- Identity proof (Aadhaar Card, Passport, Voter ID, or Driving License)
- Business PAN card
- Business address proof (utility bill, rental agreement, or property tax receipt)
- Business registration documents (such as GST Registration, Udyam Registration, Partnership Deed, Certificate of Incorporation, MOA, or AOA depending on the business type)
- Bank statements (last 6 months)
- Income Tax Returns (ITR) (last 2 - 3 years)
- Financial statements (Balance Sheet and Profit & Loss Account for previous 2 years, usually audited)
- Proof of business continuity (ITR, Trade License, or Sales Tax Certificate)

Requirements may vary by lender and business type. For specific guidance, consult your lender or a financial advisor.