PIPDIC - schemes

EQUITY-TYPE ASSISTANCE SCHEME NATIONAL EQUITY FUND SCHEME
Eligibility	Purpose	Remarks
Small entrepreneurs for setting up new projects in tiny/small scale sector and rehabilitation of potentially viable sick SSI units irrespective of the location (except for units in metropolitan areas) . Existing tiny and small scale industrial units and service enterprises. Tiny enterprises would include all industrial units and service industries (except Road Transport Operators) satisfying the investment ceiling prescribed for tiny enterprises viz.( Rs. 5 lakhs) undertaking expansion, modernisation, technology upgradation and diversification can also be considered irrespective of the location (except for units Metropolitan areas) - subject to approval of SIDBI.	To meet gap in equity.	Cost of project - Not to exceed Rs.50 lakhs. Soft Loan Limit - 25% of cost of project subject to a maximum of Rs. 10 lakh per project. Service charges - 5% p.a. on soft loan.

SCHEME FOR WOMEN ENTREPRENEURS
MAHILA UDAYAM NIDHI (MUN)
Eligibility	Purpose	Remarks
Women entrepreneurs for setting up new projects.	To set up new SSI Units / Service activities. Cost of the project not to exceed Rs.10 lakhs	Term Loan - 65% of Project Cost. Seed Capital - 25% of Project Cost. Promoter's Contribution - 10%. DER - 1.85:1. Repayment - Term Loan 6 to 8 years including moratorium 1 to 2 years. Seed Capital - 10 years.
MAGALIR UDAVI
Eligibility	Purpose	Remarks
Women entrepreneurs. All existing and new SSI/Tiny Units promoted exclusively by Women Entrepreneurs/ Consisting of majority of Women Entrepreneurs	For setting up of new SSI units.	Cost of the project no to exceed Rs.20 lakhs. Term Loan -75% of the project cost. Interest Concession - 2% less than the normal interest rate. DER up to 3:1. Promoter's contribution 25% of the project cost. Repayment 5 to 10 years including moratorium period of 1 to 2 years.

SPECIAL SCHEME FOR ASSISTANCE TO EX-SERVICEMEN
Eligilibility	Purpose	Remarks
Ex-Servicemen (including widows of ex-servicemen )sponsored by Rajya Sainik Board, Pudhucherry.	For setting up small industrial projects including service industries and specified transport activities which are eligible for finance as per SSI - norms	Cost of project - Not to exceed Rs.15 lakhs. Soft Loan Limit - To meet gap in equity subject to a maximum of Rs. 2.25 lakhs per project. Service charges - 1% p.a. during moratorium period, thereafter, interest @ 6% p.a. on soft loan.

SCHEME FOR ASSISTANCE TO SC/ST ENTREPRENEURS
Eligibility	Purpose	Remarks
All SC/ST entrepreneurs.	For setting up new tiny/SSI units or for expansion, of existing units.	Loan limit - Not to exceed Rs. 2 lakhs.

SINGLE WINDOW SCHEME
Eligibility	Purpose	Remarks
Entrepreneurs setting up new projects in SSI/tiny sector, new promoters acquiring unencumbered fixed assets of existing SSI concerns as also existing well run units undertaking modernisation/Technology upgradation and potentially viable sick units under-taking rehabilitation scheme.	To provide both term loan for fixed assets and loan for working capital through the same agency. The total working capital requirement of such units inclusive of all fund based facilities may be taken into account for determining the working capital facility eligible for finance.	Total Project outlay including total working capital requirement - Not to exceed Rs. 200 lakhs. Collateral security situated in UT of Pudhucherry to the extent of 50% of loan amount.

REFINANCE SCHEME FOR TECHNOLOGY DEVELOPMENT AND MODERNISATION (RTDM)
Eligibility	Purpose	Remarks
Sole Proprietorships, Parnerships, Co-operative Societies, Private and Public Limited Companies.	Assistance under the scheme would be available for meeting the expenditure on- a) Purchase of capital equipment, need based civil works and acquisition of additional land. b) Acquisition of technical knowhow, designs, drawing and fashion forecast where relevant to specific product group. c) upgradation of process technology and products with trust on quality improvement comparable with acceptable domestic international standards.	Project outlay - Not to exceed Rs.100 lakhs. Preliminary and pre-operative expenses shall not be covered as a part of the cost of the project.

REFINANCE SCHEME FOR ACQUISITION OF ISO 9000 SERIES CERTIFICATION BY SSI UNIT (RISO 9000)
Eligibility	Purpose	Remarks
Existing industrial concerns in the SSI sector having a good record of past performance and sound financial position. The concerns should: a) have been in operation for a period of atleast four years; b) have earned profit and/or declared dividend during the preceding two financial years; c) not in default to institutions/banks in payment of their dues; and d) have been exporting their products, directly or indirectly or have plans to manufacture products for exports.	Expenses on consultancy, documentation, audit, certification fees, equipment and calibrating instruments required would be taken into account for determining the loan requirement.	Loan limit need based

HIRE PURCHASE SCHEME
Eligibility	Purpose	Remarks
Existing MSI/SSI units & other units which have been in operation for 2 years and earned profit.	Purchase of new equipment and second hand imported equipments.	Collateral security shall be offered for a value not less than 50% of the loan amount. Loan limit upto 90% of the value of the assets not exceeding Rs.90 lakhs

LEASE FINANCE
Eligibility	Purpose	Remarks
Existing units with proven track record and new units in deserving cases can be considered.	Only new equipments from reputed suppliers are eligible.	Loan limit minimum of Rs. 1 lakh maximum of Rs. 150 lakhs Collateral security shall be offered.
Special Scheme of Assistance for purchase of Combined Paddy Harvesting Machine
Eligibility	Purpose	Remarks
All local agriculturist of Union Territory of Pudhucherry are eligible for assistance under the Scheme.	Purchase of Combined PaddyHarvesting Machine	70% of the cost. DER 2:1. Collateral security to an extent of 100% shall be offered.
Scheme of Financial Assistance for Commercial Complexes
Eligibility	Purpose	Remarks
Proprietory, Partnership and Limited Companies are eligible for assistance	Construction of building and interior design/decoration. Acquisition of capital goods/equipments required for commercial complex such as Air conditioner, lift, communication facilities, etc. Any other facilities connected with Commercial complexes.	Maximum of Rs.250 lakhs. DER 2:1 upto Rs.30 lakhs, 1.5:1 above Rs.30 lakhs. 50% Collateral security shall be offered.. Repayment period: 8 years excluding moratorium period of 2 years.
Scheme of Financial Assistance for Marriage Hall/Community Hall/Convention Centre
Eligibility	Purpose	Remarks
Proprietory, Partnership and Limited Companies are eligible for assistance	Construction of building and interior design/decoration. Acquisition of capital goods/equipments required for Marriage Hall/Community Hall/Convention Centre such as Air Conditioner, lift, Kitchen equipments & Vessels, Furniture & Electrical fittings, Generator, Lighting, music system, TV and Visual aids like overhead projector, film & slide projectors, sound system, etc.	Maximum of Rs.250 lakhs. DER 2:1 upto Rs.30 lakhs, 1.5:1 above Rs.30 lakhs. 100% Collateral security shall be offered. Repayment period: 10 years including moratorium period of 2 years.
Scheme of Financial Assistance for Purchase of vehicle for own use.
Eligibility	Purpose	Remarks
Qualified professionals, technocrats, medium and large scale agriculturist, good borrowers of the corporation, inidividual and industrial units are eligible for assistance.	Purchase of vehicles (A/c or non-A/c) for own use	75% of the cost. Repayment in monthly instalments.
Scheme of Financial Assistance for Construction of Cold-Storage
Eligibility	Purpose	Remarks
All Private/Public Limited companies, Co-ops, Partnership, Proprietory firm, Agriculture Produce Market Committees/Bards, Agro Corporations	Construction of New/Expansion of existing Cold Storage	Loan Limit: Rs.250 lakhs. Coll. Security: 50% of loan amount. Repayment Period : 6 years excluding moratorium period of 1 1/2 years.
Scheme of Financial Assistance for Good Borrowers.
Eligibility	Purpose	Remarks
For Good Borrowers are as classified "A" & "B" category. "A" Category: Existing assited units which are in operation for more than 3 years and regular in repayment without availing reschedulement. "B" Category: (i) Existing assisted units satisfying the criteria under Good Borrowers which have not obtained re-schedulement not for more than once and regular in repayment after re-schedulement. (ii) Units assisted by other institutions / banks satisfying the criteria and with the fixed assets in existing units is free from encumbrance. Existing transport loanees who have settled loan promptly	To acquire fixed assets for setting up of new units and for expansion, modernisation, purchase of balancing equipments and replacement of equipments/machinery of existing units.	Minimum of Rs.5 lakhs and maximum of Rs.150 lakhs. Repayment 3 to 5 years excluding the moratorium period. Interest concession 1% less for A category and 1/2% less for B category.
Scheme of Financial Assistance for purchase of Battery operated vehicle/non conventional fuel operated vheicle.
Eligibility	Purpose	Remarks
Small Road Transport operators belonging to Union Territory of Pudhucherry	For purchase of Battery operated/Non - conventional fuel operated vehicle	Loan Limit: 90% on vehicle cost. Collateral Security situated in U.T. of Pudhucherry to the extent of 50% of loan amount for 1st vehicle and 100% for subsequent vehicles. 2% reduction from the normal rate of interest. Promoter's contribution 10% only. IREDA subsidy available.
Scheme of Financial Assistance for Construction of Ware House / Godown
Eligibility	Purpose	Remarks
Proprietary / Partnership / Limited Companies	For Construction of Ware House / Godown. Acquisition of Capital Goods, Equipments required for Ware Housing and any other assets connected with Ware Housing.	Loan Limit: Rs.250 lakhs. Collateral Security situated in U.T. of Pudhucherry to the extent of 100% of loan amount. Interest rate : As applicable to SSI as per SIDBI Norms. DER: 2:1 Repayment: 8 years excluding the moratorium period of 2 years.

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