PIPDIC

 

 

 

Criteria for evaluation of allotment of plot/land/shed in

PIPDIC’s Industrial Estates

 

PIPDIC has framed criteria for allotment of plot/land/shed in PIPDIC’s Industrial Estates, which are given below:

 

v  Investment on the Project;

v  More Employment Generating Unit;

v  Project set up by local entrepreneurs;

v  Hi-technology projects;

v  Agro based Industries;

v  Less water consuming project;

v  Project set up by women entrepreneurs;

v  Project set up by NRIs; and

v  Employment Oriented Projects.

Note:

Timeline for processing the allotment applications

15 days from the date of approval of Allotment Committee

 

 

 

ACCEPTANCE OF COLLATERAL SECURITY-REVISED NORMS

With effect from 9/1/2012

The norms for acceptance of collateral security while considering sanction of term loans.

§  In respect of immovable property situated in the Union Territory of Puducherry the value of the property to be offered shall be not less than the amount of term loan sanctioned.

§  In respect of immovable property situated outside the Union Territory of Puducherry the value of the property to be offered shall be not less than 150% of loan amount in case of land with building.  In case the property to be offered is only land the value of the same shall be not less than 200% of the loan amount.

§  The valuation of the properties be assessed by engaging Approved Independent Valuers for the properties lying outside Union Territory of Pondicherry and

The practice of accepting Fixed Deposit as collateral security be dispensed with.

 

Rate of Interest - New

All Sanctions from 01/02/2012 the following rate of interest be adopted.

Sl.No.

Term loans and working capital loans

Interest p.a. (%)

A

Upto Rs.25.00 lakhs

13%

B

Above Rs.25.00 lakhs and upto Rs.50.00 lakhs

14%

C

Above Rs.50.00 lakhs and Term loan to MSI

15%

In respect of all sanctions already made but no disbursement is made the above revised rates be made applicable.

Investigation fees

Collection of investigation fees the same be collected at the following rates with effect from 01/02/2012.

 

Sl.No.

Loan Amount

Investigation fees (%)

a

For loans upto Rs.25.00 lakhs

0.50% of the term loan applied plus service tax as applicable.

b

For loans above Rs.25.00 lakhs

0.75% of the term loan applied plus service tax as applicable.

c

For SC/ST entrepreneurs

50% concession on investigation fee.

 

 

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