Scheme For Women Entrepreneurs Mahila Udyam Nidhi (MUN)
The scheme aims to meet the equity gap for new Small Scale Industrial units and service activities promoted by women entrepreneurs. It offers Term Loans and Seed Capital for projects costing up to ₹10,00,000/-.
About This Scheme
Benefits
₹10.0 L
The scheme provides financial assistance for projects with a cost up to ₹10,00,000/-.
The assistance includes a Term Loan component covering 65% of the project cost.
The assistance includes a Seed Capital component covering 25% of the project cost.
The applicant receives a concessional rate of interest that is 0.5% less than the normal interest rate charged for loans.
The applicant receives a 50% concession on the investigation fee.
The calculated Debt-Equity Ratio (D.E.R) for the project is 1.857:1.
##### Repayment and Term Details
The repayment period for the Term Loan is 6 to 8 years, which includes a moratorium period of 1 to 2 years.
The repayment period for the Seed Capital is 10 years.
The Promoter's contribution required is 10% of the project cost.
##### Conditions
_Collateral security in the form of immovable property must be offered, in addition to the mortgage or hypothecation of proposed fixed assets._
_For units promoted by women entrepreneurs, the value of the immovable property to be offered as security is reduced and fixed at 50% of the loan amount._
_The valuation of the properties offered as security must be assessed by engaging Chartered Engineers/valuers from the approved panel of the Corporation._
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.
- ✦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).
- ✦Selected Machinery Supplier’s Client List With Detailed Postal Address.
- ✦Proof For Sale Price Of End Product And Quotations For Main Raw-Materials To Be Used.
- ✦Tie-Up Letters For Marketing The Product.
- ✦Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firm (In The Case Of Partnership Concern).
- ✦Copies Of Pan Card, Voters Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book.
- ✦Profitability Statement Detailing Monthly Sales / Income And Expenditure Details.
- ✦Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited.
- ✦Investigation Fee At 0.50% On The Loan Amount Applied Plus Applicable Service Tax (50% Concession Must Be Paid By Women Entrepreneurs).
- ✦Applicable Licence Copies, Including Inspector Of Factories Approval, Municipal / Panchayat Permission, And Pollution Clearance, Etc..
- ✦Original Title Deed, Antecedent Title Deeds, Encumbrance Certificate For 30 Years, Valuation Certificate From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited, Field Measurement Book Copy, Patta Copy, And 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
- ₹10.0 L