Short Term Financial Assistance To Good Borrowers
The scheme aims to meet short term financial requirements related to executing specific orders, seasonal fund increases, or firm export orders. Benefits include loans ranging from ₹5,00,000/- to ₹50,00,000/-, primarily targeting existing Medium Scale Industry and Small Scale Industry units.
About This Scheme
Benefits
₹50.0 L
The maximum loan limit available is ₹50,00,000/-.
₹5.0 L
The minimum loan limit available is ₹5,00,000/-.
The intended use of the funds is to meet short term financial requirements. This includes meeting the requirements of executing specific orders, seasonal increase in fund requirements, and firm export orders.
##### Disbursement
100% of the loan amount shall be released immediately after completion of documentation and fulfilling the other norms of the Corporation.
##### Conditions
₹10.0 L
_The loan repayment period for amounts up to ₹10,00,000/- is 12 months._
₹10.0 L
_The loan repayment period for amounts above ₹10,00,000/- up to ₹25,00,000/- is 18 months._
₹25.0 L · four-monthly
_The loan repayment period for amounts above ₹25,00,000/- up to ₹50,00,000/- is 24 months._
_The applicant must offer collateral security for a value of 150% of the term loan._
_If the applicant is a non-assisted unit, the quantum of loan will be decided based on the merits of the individual case and the security offered._
Eligibility
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Required Documents
- ✦Copy Of Acknowledgement Of Micro, Small, And Medium Enterprise Registration Certificate Obtained From Industries Department.
- ✦Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firms (In The Case Of Partnership Concern).
- ✦Copies Of Pan Card, Voter's Identity, Ration Card, Aadhaar Card, And Bank Pass Book (For All Promoters).
- ✦Bio-Data Of All The Promoters (Duly Filled In All Respect As Per The Format Enclosed).
- ✦Balance Sheet And Profit And Loss Account For Last 3 Years And Bankers Details (For Interested Concerns Or Existing Units).
- ✦Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited.
- ✦Detailed Project Report On The Project (Required For Loan Amounts Above ₹25,00,000/-).
- ✦Details Required In The Application At Page Numbers 12, 13, 14, And 15 (To Be Furnished Compulsorily To Prepare The Appraisal Report).
- ✦Track Record, Name And Address Of Concerns, And Type Of Consultancy Service Rendered By The Consultant (If Any) (Required For Loan Amounts Above ₹25,00,000/- Or Group Concerns).
- ✦Details Of Effluent And Arrangement Proposed For Treatment And Disposal Of Effluent (If Any During Process) (Required For Loan Amounts Above ₹25,00,000/-).
- ✦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 (FMB Copy).
- ✦Patta Copy.
- ✦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
- ₹50.0 L