Scheme for Construction of Marriage Hall/ Community Hall/ Convention Centre/ Commercial Godown

About This Scheme

Benefits

Eligibility

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Required Documents

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  ##### At the Time of Filing Loan Application
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  Identity and Entity Documents
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  ◦ Bio-Data of All the Promoters (Duly Filled In All Respect as Per the Format Enclosed).
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  ◦ Copies of PAN Card, Voters Identity, Ration Card, Aadhar Card, and Bank Pass Book for All the Promoters.
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  ◦ Copy of Partnership Deed and Acknowledgement of Registrar of Firms (In the Case of Partnership Firm).
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  ◦ Memorandum and Articles of Association (In the Case of Private Limited Company).
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  ◦ Balance Sheet and Profit and Loss Account for Last 3 Years and Bankers Details for Interested Concerns or Existing Units.
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  Project and Technical Documents
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  ◦ Copy of the Sale Deed for the Work Site.
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  ◦ Copy of Site and Building Plan Approved by PPA (2 Copies).
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  ◦ Estimate for Building and Other Civil Works from the Approved Panel Valuers of PIPDIC.
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  ◦ Detailed Project Report on the Project.
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  ◦ Brief Write Up on the Scope of the Project.
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  Machinery and Equipment Documents
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  ◦ List of Equipments Proposed to be Purchased for Hotel, Kalyanamandabam, Community Hall, Commercial Complex, or Commercial Godown.
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  ◦ Quotation from Selected Supplier for All the Equipments (Viz. Lift, Generator Set, Air Conditioners, Kitchen Equipments, Furnitures, EPABX System, Television, Refrigerators, Heaters, etc.) Proposed with Detailed Specifications and Catalogues (Original Quotations to be Produced).
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  ◦ Two Comparative Quotations from Standard Suppliers for All the Above Equipments Proposed (Original Quotations to be Produced).
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  ◦ Comparative Statement for Equipments with Justification for Choosing the Supplier.
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  ◦ Selected Supplier Client List with Detailed Postal Address and Copy of Proof for Having Registered as an Approved Supplier with Other Financial Institutions or Banks.
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  Collateral and Fees
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  ◦ Consent Letter to Offer Collateral Security to the Extent Required by PIPDIC.
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  ◦ Investigation Fee Payment Proof:
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  ▪ For Loans Upto ₹25,00,000/-: 0.50% on the Loan Amount Applied Plus Applicable Service Tax.
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  ▪ For Loans Above ₹25,00,000/-: 0.75% on the Loan Amount Applied Plus Applicable Service Tax.
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  ▪ For Women, SC, ST, or Differently Abled Entrepreneurs: 50% of the Fee Has to be Paid.
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  ##### During Processing or After Sanction of Loan
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  Statutory Clearances
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  ◦ Applicable Licence Copies (Municipal or Panchayat Permission, Food Licence, etc.).
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  Property and Legal Documents
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  ◦ Original Title Deed for the Site and Collateral Security Property.
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  ◦ Antecedent Title Deeds for the Site and Collateral Security Property.
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  ◦ Encumbrance Certificate for 30 Years for the Site and Collateral Security Property.
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  ◦ Valuation Certificate Obtained from Approved Panel Valuer of PIPDIC for the Site and Collateral Security Property.
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  ◦ FMB Copy (Field Measurement Book) for the Site and Collateral Security Property.
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  ◦ Patta Copy for the Site and Collateral Security Property.
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  ◦ Legal Opinion Report for the Site and Collateral Security Property.

✦ Required ◦ Optional

How to Apply