Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)
The scheme aims to extend financial assistance to new or existing Micro Enterprises and Small Scale Industry units exclusively promoted by women or having a majority of women entrepreneurs. It provides term loans and working capital assistance up to 75% of the project cost.
About This Scheme
Benefits
Financial assistance shall be considered up to a maximum of 75% of the project cost.
The loan is provided for acquiring fixed assets.
The loan is provided to meet the working capital requirement.
A concessional rate of interest of 0.5% less than the normal rate is charged for units promoted by Women.
A 50% concession is provided on the investigation fee.
The maximum term loan repayment period is 10 years.
##### Conditions
₹20.0 L
_The project cost shall not exceed ₹20,00,000/-._
_The Promoter’s contribution must be 25% of the project cost._
_The Debt Equity Ratio (DER) shall be 3:1._
_Repayment period is a maximum of 10 years, which includes a moratorium period of a maximum of 2 years, depending upon the period of implementation._
_Collateral security in the form of immovable property shall be offered as per the lending policy of the Corporation._
_Apart from collateral security, proposed fixed assets must be covered by mortgage and/or hypothecation._
_For units promoted by women entrepreneurs, the value of the immovable property to be offered as collateral security is reduced and fixed at 50% of the loan amount._
Eligibility
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Required Documents
- ✦Copy Of Acknowledgement Of Micro, Small And Medium Enterprise Registration Certificate Obtained From Industries Department.
- ✦Copy Of Lease Deed For The Work Premises In ₹10.00 Rupees Stamp Paper (If Premises Is Leased).
- ✦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 Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited (Two Copies).
- ✦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).
- ✦Comparative Statement For Machinery With Justification For Choosing The Supplier.
- ✦Selected Machinery Supplier’s Client List With Detailed Postal Address And 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 Case Of Partnership Firm).
- ✦Memorandum And Articles Of Association (In 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 (For All The Promoters).
- ✦Details Asked For In The Application At Page Numbers 12, 13, 14, And 15 (Must 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 Limited.
- ✦Balance Sheet And Profit And Loss Account For Last Three Years And Bankers Details (For Interested Concerns Or Existing Units).
- ✦Investigation Fee At 0.50% On The Loan Amount Applied Plus Applicable Service Tax (For Women Entrepreneurs, 50% Concession Has To Be Paid).
- ✦Applicable Licence Copies, 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 Limited, Field Measurement Book Copy, Patta Copy, And 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
- ₹20.0 L