Criteria for evaluation of allotment of plot/land/shed in
PIPDIC’s Industrial Estates
PIPDIC has framed criteria for allotment of plot/land/shed in PIPDIC’s Industrial Estates, which are given below:
v Investment on the Project;
v More Employment Generating Unit;
v Project set up by local entrepreneurs;
v Hi-technology projects;
v Agro based Industries;
v Less water consuming project;
v Project set up by women entrepreneurs;
v Project set up by NRIs; and
v Employment Oriented Projects.
Timeline for processing the allotment applications
15 days from the date of approval of Allotment Committee
ACCEPTANCE OF COLLATERAL SECURITY-REVISED NORMS
With effect from 9/1/2012
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 be assessed by engaging Approved Independent Valuers for the properties lying outside Union Territory of Pondicherry and
The practice of accepting Fixed Deposit as collateral security be dispensed with.
Rate of Interest - New
All Sanctions from 01/02/2012 the following rate of interest be adopted.
In respect of all sanctions already made but no disbursement is made the above revised rates be made applicable.
Collection of investigation fees the same be collected at the following rates with effect from 01/02/2012.