Scheme of Assistance to Good Borrowers: ‘B’ Category
The scheme aims to support and reward existing industrial units and transport loanees who have maintained a satisfactory repayment track record. It provides term loans ranging from ₹5,00,000/- to ₹150,00,000/- for expansion, modernization, or acquisition of fixed assets.
About This Scheme
Benefits
₹5.0 L
Financial Assistance: A loan limit of a minimum of ₹5,00,000/- and a maximum of ₹150,00,000/-.- Interest Concession: The borrower receives an interest concession of 1/2% less than the normal rate.
##### Conditions
_The collateral security offered in the form of immovable property must be valued by engaging a Chartered Engineer or valuer from the approved panel of the Corporation._
_The applicant must acquire fixed assets, such as purchasing balancing equipment, replacement of machinery/equipment, or acquiring assets for setting up new units or expanding/modernizing existing units._
_The loan repayment period is 3 to 5 years, excluding the moratorium period._
_The applicant must offer collateral security in the form of immovable property._
_The value of the immovable property offered as collateral security must not be less than the term loan sanctioned, if the property is situated in the Union Territory of Puducherry._
_If the immovable property is situated outside the Union Territory of Puducherry, the value offered must not be less than 150% of the loan amount if it is land with building._
_If the immovable property situated outside the Union Territory of Puducherry is only land, the value offered must not be 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 Lease Deed For The Work Premises In ₹10/- Stamp Paper (For Loans Up To ₹25,00,000/-).
- ✦Copy Of Registered Lease Deed For The Work Premises For The Period Not Less Than Eight Years (For Loans Above ₹25,00,000/-).
- ✦Consent Letter To Produce Registered Lease Deed For The Work Premises (For Loans Above ₹25,00,000/-).
- ✦Copy Of Sale Deed For The Work Premises In Case The Premises Is Owned By The Applicant.
- ✦Quotation From Selected Supplier For All Machinery And Equipments Proposed With Detailed Specification And Catalogue (Original To Be Produced).
- ✦Two Comparative Quotations From Standard Suppliers For All Machinery And Equipments Proposed (Original To Be Produced).
- ✦Site And Factory Building Plan With Machinery Layout And Civil Estimate (Two Copies) (For Loans Above ₹10,00,000/-).
- ✦Comparative Statement For Machinery With Justification For Choosing The Supplier (For Loans Above ₹10,00,000/-).
- ✦Selected Machinery Supplier’s Client List With Detailed Postal Address.
- ✦Copy Of Proof For Having Registered As An Approved Supplier With Other Financial Institutions / Banks (For Loans Above ₹10,00,000/-).
- ✦Proof For Sale Price Of End Product From The Existing Manufacture / Dealer (For Loans Above ₹10,00,000/-).
- ✦Quotation / Bill Copies For Each Item Of Raw Materials To Be Used With Arrangements For Regular Supply (For Loans Above ₹10,00,000/-).
- ✦Manufacturing Process Details With Flow Chart (For Loans Above ₹10,00,000/-).
- ✦Statistics For Demand And Supply Position Of Product With Proof, Existing Competitions, Major Consumers Details, And Tie-Up Letters For Marketing The Product (For Loans Above ₹10,00,000/-).
- ✦Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firms In The Case Of Partnership Concern.
- ✦Memorandum And Articles Of Association In The Case Of Private Limited Company (For Loans Above ₹10,00,000/-).
- ✦Bio-Data Of All The Promoters (Duly Filled In All Respect As Per The Format Enclosed) (For Loans Above ₹10,00,000/-).
- ✦Copies Of Permanent Account Number Card, Voters Identity, Ration Card, Aadhaar Card, And Bank Pass Book.
- ✦Balance Sheet And Profit And Loss Account For Last Three Years And Bankers Details For Interested Concerns / Existing Unit (For Loans Above ₹10,00,000/-).
- ✦Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited (PIPDIC).
- ✦Detailed Project Report On The Project (For Loans Above ₹25,00,000/-).
- ✦Consent Letter From Bank For Sanction Of Working Capital Loan (For Loans Above ₹10,00,000/-).
- ✦Applicable Licence Copies (Inspector Of Factories Approval, Municipal / Panchayat Permission, Pollution Clearance, Etc.)
- ✦Puducherry Planning Authority Approval (For Loans Above ₹10,00,000/-).
- ✦Original Title Deed For Collateral Security Property.
- ✦Antecedent Title Deeds For Collateral Security Property.
- ✦Encumbrance Certificate For Thirty Years For Collateral Security Property.
- ✦Valuation Certificate Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited (PIPDIC) For Collateral Security Property.
- ✦Field Measurement Book Copy (FMB Copy) For Collateral Security Property.
- ✦Patta Copy For Collateral Security Property.
- ✦Legal Opinion Report For 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