Scheme Of Assistance To Good Borrowers: ‘A’ Category
The scheme aims to provide special financial assistance to existing good borrowers who have maintained an excellent track record of timely repayment. Benefits include term loans up to ₹150,00,000/- and an interest rate concession of 1% less than the normal rate for modernization, expansion, etc.
About This Scheme
Benefits
₹5.0 L
Financial assistance is available for a minimum amount of ₹5,00,000/- and a maximum amount of ₹150,00,000.
An interest concession of 1% less than the normal rate is provided for 'A' Category borrowers.
The loan funds are intended to be used to acquire fixed assets for setting up of new units.
The loan funds are intended for expansion, modernization, purchase of balancing equipment, and replacement of machinery or equipment of existing units.
The repayment period is 3 to 5 years, excluding the moratorium period.
##### Conditions
_Fixed assets in existing units assisted by other institutions or banks must be free from encumbrance._
_Collateral security in the form of immovable property must be offered as per the lending policy of the Corporation._
_The value of immovable property situated in the Union Territory of Puducherry to be offered shall be not less than the amount of term loan sanctioned._
_If the immovable property is situated outside the Union Territory of Puducherry, the value must be not less than 150% of the loan amount in the case of land with building._
_If the immovable property situated outside the Union Territory of Puducherry is only land, the value of the same shall be not less than 200% of the loan amount._
Eligibility
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Required Documents
- ✦Copy Of Acknowledgement Of Micro, Small, And Medium Enterprises Registration Certificate Obtained From Industries Department.
- ✦Copy Of Registered Lease Deed For The Work Premises For The Period Not Less Than 8 Years (Or Consent Letter To Produce Registered Lease Deed For The Work Premises).
- ✦Copy Of Sale Deed For The Work Premises (In Case The Premises Is Owned By The Applicant).
- ✦Site And Factory Building Plan With Machinery Layout And Civil Estimate (2 Copies).
- ✦Quotation From Selected Supplier For All Machinery And Equipment Proposed With Detailed Specification And Catalogue (Original To Be Produced).
- ✦Two Comparative Quotations From Standard Suppliers For All Machinery And Equipment Proposed (Original To Be Produced).
- ✦Comparative Statement For Machinery With Justification For Choosing The Supplier.
- ✦Selected Machinery Supplier’s Client List With Detailed Postal Address.
- ✦Copy Of Proof For Having Registered As An Approved Supplier With Other Financial Institutions Or Banks.
- ✦Proof For Sale Price Of End Product From The Existing Manufacture Or Dealer.
- ✦Quotation Or Bill Copies For Each Item Of Raw Materials To Be Used With Arrangements For Regular Supply.
- ✦Manufacturing Process Details With Flow Chart.
- ✦Statistics For Demand And Supply Position Of Product With Proof, Existing Competitions, Major Consumers Details, And Tie-Up Letters For Marketing The Product.
- ✦Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firms (In The Case Of Partnership Firm).
- ✦Memorandum And Articles Of Association (In The Case Of Private Limited Company).
- ✦Bio-Data Of All The Promoters (Duly Filled In All Respect As Per The Format Enclosed).
- ✦Copies Of Permanent Account Number Card, Voters Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book.
- ✦Detailed Project Report On The Project.
- ✦Details Asked For In The Application At Page Numbers 12, 13, 14, And 15 Are To Be Furnished Compulsorily (To Prepare Appraisal Report).
- ✦Consent Letter From Bank For Sanction Of Working Capital Loan.
- ✦Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation.
- ✦Balance Sheet And Profit And Loss Account For Last 3 Years And Bankers Details For Interested Concerns Or Existing Unit.
- ✦Track Record, Name And Address Of Concerns, And Type Of Consultancy Service Rendered By The Consultant (If Any).
- ✦Details Of Effluent And Arrangement Proposed For Treatment And Disposal Of Effluent (If Any During Process).
- ✦Applicable License Copies (Including Puducherry Planning Authority Approval, Inspector Of Factories Approval, Municipal Or Panchayat Permission, And Pollution Clearance Etc.).
- ✦Original Title Deed.
- ✦Antecedent Title Deeds.
- ✦Encumbrance Certificate For 30 Years.
- ✦Valuation Certificate (Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation).
- ✦Field Measurement Book Copy.
- ✦Patta Copy.
- ✦Legal Opinion Report For Factory Site And Collateral Security Property.
✦ Required ◦ Optional
How to Apply
Use the registered email-id to log in. An OTP is sent to the registered email address. The applicant is then required to enter the OTP and click "Login" to access to the customer dashboard. Upon successful login, the customer needs to update their profile by accessing the "Edit Profile" option (top right corner of the dashboard). The applicant must provide all required details. Click "Submit". To initiate the loan application process, the applicant must navigate from the customer dashboard by cl
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L