steps to setup an industry

PIPDIC

 

FINANCIAL NORMS


INTEREST RATE STRUCTURE

 

Sl.No.

Term loans and working capital loans

Interest rate p.a.

 

A

Upto Rs.25.00 lakhs

10%

B

Above Rs.25.00 lakhs and upto Rs.50.00 lakhs

11%

C

Above Rs.50.00 lakhs and Term loan to MSI

12%

 

      Concessional rate o interest of 0.5% less than the normal rate is charged for units promoted by Women / SC / ST / Differently abled persons.

 

 


DEBT EQUITY NORMS

 

SCHEME / PURPOSE / CATEGORY OF BORROWERS

DER

 a.

Composite Loan Scheme

 

 

i) For loans upto Rs. 10 lakhs

3:1

b.

Mahila Udayam Nidhi

1.857 : 1

c.

National Equity Fund

1.857 : 1

d.

SEMFEX Scheme

 

 

i) For term loans upto Rs. 10 lakh

3:1

 

ii) For term loans above Rs. 10 lakh

2:1

e.

Modernisation Scheme

Upto 3 : 1

f.

Schemes/purpose/category of borrowers other than the schemes mentioned above.

 

 

i) For loans upto Rs.25 lakhs

Upto 3 : 1

 

ii) For loans above Rs.25 lakhs and above

Upto 2 : 1


Note: Wherever required the equity will be increased on case to case basis.
Investigation fees

Collection of investigation fees the same be collected at the following rates with effect from 01/02/2012.

 

Sl.No.

Loan Amount

Investigation fees (%)

a

For loans upto Rs.25.00 lakhs

0.50% of the term loan applied plus service tax as applicable.

b

For loans above Rs.25.00 lakhs

0.75% of the term loan applied plus service tax as applicable.

c

For SC/ST entrepreneurs

50% concession on investigation fee.

 

ACCEPTANCE OF COLLATERAL SECURITY

The norms for acceptance of collateral security while considering sanction of term loans.

  In respect of immovable property situated in the Union Territory of Puducherry the value of the property to be offered shall be not less than the amount of term loan sanctioned.

  In respect of immovable property situated outside the Union Territory of Puducherry the value of the property to be offered shall be not less than 150% of loan amount in case of land with building. In case the property to be offered is only land the value of the same shall be not less than 200% of the loan amount.

  The valuation of the properties to be offered as security shall be assessed by engaging Chartered Engineers from the approved panel of the Corporation.

 



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