Schemes	Eligible Borrowers	Purpose	Remarks
I) General Scheme
a) Scheme for SSI / MSI Sector	All forms of organisations in the Small scale and Medium scale sector (i.e, Proprietary. Partnership, Co-operative Societies, Private and Public limited Companies).	For setting up new small scale units, medium scale units for expansion, modernization, diversification, etc., of existing units and for all activities eligible for assistance under the scheme	Loan Limit: Not to exceed Rs. 1000 lakhs
(b) Scheme for cottage and village Industries (Composite Loan Scheme)	Artisans Village and cottage Industries and small Industries in tiny sector and the promoters shall be resident of Puducherry.	Assistance for fixed assets and or working capital	Loan Limit: Upto Rs. 10.00 lakhs. DER 3:1 (with ceiling on cost of m/c at Rs. 25.00 lakhs per unit).
(c) Scheme for Small Road Transport Operators (SRTOs)	Resident of Puducherry.	To meet the expenditure towards Cost of Chassis & bodybuilding. Second hand vehicles are not eligible for assistance.	Loan Limit: 70% on cost of vehicle.
II) Equity Type Assistance
a) Scheme for women entrepreneurs Mahila Udyam Nidhi (MUN).	All new SSI units / service activities set up by women entrepreneurs.	To set up new SSI unit. To meet gap in equity	Project Cost: Upto Rs. 10.00 lakhs and Term Loan - 65% of project cost. Seed Capital - 25% of project cost. Promoter’s contribution - 10% D.E.R - 1.857:1 Repayment of Term Loan 6 to 8 years including moratorium of 1 to 2 years. Seed Capital - 10 years.
b) Special Scheme of assistance to Ex-servicemen. (Semfex)	Ex-Service men (including widows of ex-servicemen) sponsored by Rajya Sainik Board, Puducherry.	For setting up small industrial project including service industries and specified transport activities, which are eligible for finance as per SSI-norms. To meet gap in equity	Cost of project - Not to exceed Rs.15.00 lakhs. Soft loan limit-subject to a maximum of Rs. 2.25 lakhs per project. Service Charge as applicable to be paid.
III) Special Schemes
a) Scheme of Assistance to Good Borrowers ‘A’ Category Existing assisted units, which are in operation for more than 3 years and regular in repayment without availing re-schedulement. ‘B’ Category i) Existing assisted units satisfying the criteria under Good Borrowers which have not obtained reschedulement not for more than once and regular in repayment after reschedulement. ii) Units assisted by other institutions / banks satisfying the criteria and with the fixed assets in existing units is free from encumbrance.,	1. Existing assisted units of MSI and SSI classified as A and B Category. 2. Existing assisted units by other institutions / Banks which satisfy the criteria under Good Borrowers and its fixed assets are free from encumbrance. 3. Existing transport loanees who have settled loan promptly.	To acquire fixed assets for setting up of new units and for expansion, modernization, purchase of balancing equipments and replacement of machinery/ equipments of existing units.	Loan Limit: Minimum Rs. 5.00 Lakhs and maximum Rs. 150.00 lakhs. Repayment: 3 to 5 years excluding the moratorium period. Interest concession: 1% less for A Category and 1/2% less for B Category.
b) Short Term Financial Assistance to Good Borrowers.	1. Existing units of MSI and SSI classified as A and B Category. 2. Existing Good Borrowers who have repaid 30% of the Principal amount. Units assisted by other financial institutions / Banks. Group concerns of the Clients of the Corporation, with excellent track record of 4 years and operating on Profitable lines.	To meet short term financial requirements i.e. to meet the requirements of executing specific orders, seasonal increase in fund requirements, firm export orders, etc.	Loan Limit: Minimum - Rs. 5.00 lakhs and maximum Rs. 50.00 lakhs Collateral security for a value of 150% of term loan For non-assisted units the quantum of loan will be decided on the merits of the individual case and security offered. 100% of loan shall be released immediately after completion of documentation and fulfilling the other norms of the Corporation. Repayment: 12 to 24 months as detailed below: Upto Rs. 10.00 lakhs - 12 months. Above Rs. 10.00 lakhs to Rs. 25.00 lakhs - 18 months. Above Rs. 25.00 lakhs to Rs. 50.00 lakhs - 24 months.
c) Scheme of Assistance to Women Entrepreneurs (Mahalir Udavi)	All existing and new SSI/Tiny units promoted exclusively by women entrepreneurs / consisting of majority of women entrepreneurs.	For setting up of New SSI Units	Project cost upto Rs. 20.00 lakhs Term Loan - 75% of project cost D.E.R. : Upto 3:1 Promoter’s contribution: 25% of the project cost. Repayment: 5 to 10 years including moratorium period of 1 to 2 years.
d) Scheme of assistance to SC/ST Entrepreneurs	New / existing Micro Enterprises, promoted by SC/St entrepreneurs.	For setting up new Micro Enterprises or for expansion of existing units.	Loan limit - Not to exceed Rs. 2.00 lakhs.
e) Financial assistance to Launderers and Barbers.	Resident of Puducherry with a minimum of three years experience.	For purchase of work tables & furniture, etc.	Loan limit : Rs. 1,00,000/-
f) Financial assistance for purchase of Battery Operated vehicles.	Resident of Puducherry.	For purchase of Battery Operated vehicles.	Promoter’s Contribution: 10% on the cost of the vehicle. Subsidy: Investment subsidy of Rs. 80.000/- provided by MNES, GOI for the Companies / Societies.
g) Single Window Scheme	Entrepreneurs setting up new project in SSI/tiny sector, new promoters acquiring unencumbered fixed assets of existing SSI concerns and also existing well run units undertaking modernization / Technology upgradation and potentially viable sick units undertaking rehabilitation scheme.	To provide both Term Loan for fixed assets and loan for working capital through the same agency The total working capital requirement of such units inclusive of all fund based facilities may be taken into account for determining the working capital facility eligible for finance.	Total project outlay including total working capital requirement - Not to exceed Rs. 200 lakhs.
IV) Specific Schemes
a) Scheme for Medical Profession : i) Scheme for Hospitals / Nursing Homes. ii) Scheme for Acquisition of Electro-Medical and other Equipment.	Entrepreneurs setting up hospitals/nursing homes. Registered Medical practitioners.	For setting up of small hospitals/nursing homes, polyclinics. etc., with 10 or more but less than 50 beds. For acquisition and installation of Electro Medical and other related equipments.	Cost of project: Not to exceed Rs. 500.00 lakhs. Post-graduate doctors are to be associated. Cost of equipment: Not to exceed Rs. 60.00 lakhs.
b) Scheme for Professionals	Qualified professionals in management, accountancy, medicine, architecture, engineering, etc.	For setting up of professional practice/consultancy venture and also for acquisition of additional equipments.	Cost of project - Not to exceed Rs. 20.00 lakhs. Cost of land & building not to exceed 50% of total outlay.
c) Scheme for Tourism related activities i) Scheme for Tourism related activities. (ii) Scheme for Hotel and Restaurant Projects.	Entrepreneurs setting up tourism related activities. Entrepreneurs setting up of hotel / restaurant projects.	For setting up or development of amusement parks, cultural centres, convention centres, restaurants, tourist service agencies, including expansion and modernization project. For setting up of small Hotels Restaurants in urban areas.	Loan Limit: Need based Project cost: Not to exceed Rs.1200.00 lakhs Repayment Period: Upto 10 years including moratorium period.
d) Scheme for Marketing activities i) Scheme for Marketing Organisations. ii) Scheme for purchase of Mobile Sales Van	Individuals / Partnership concerns/Pvt./Public Ltd. Companies experienced in Marketing village & small Industries (VSI) Products. All Khadi & Village Industries (KVI) institutions (Proposals are to be supported by KVIC under its interest subsidy scheme)	For setting up new sales outlets or undertaking renovation/expansion of existing outlets of marketing VSI products. For purchase of new mobile sales vans for stocking display sales of KVI products and also to, transport of raw materials for producing KVI Products.	Cost of project - Not to exceed Rs. 25.00 lakhs. Down payment of atleast 50% of Value of goods purchased. Loan limit: Not to exceed Rs. 3.00 lakhs per vehicle and number of vehicles should not exceed six.
e) Equipment Refinance Scheme	Well performing SSI units which are in operation for the last four years and those who have earned profit / declared dividend for the preceding two years and should not have defaulted to Institution or bank.	For identifiable items of equipment / machinery for diversification / modernization / expansion / replacement and also balancing equipment.	Loan limit - Need based upto Rs. 90.00 lakhs.
f) For acquisition of equipments & others.	All form of organisations in the small-scale sector.	For acquisition of a) In-house quality control facilities b) DG Sets c) Pollution control equipment d) Computers and related accessories e) For indigenization / import substitution. f) For manufacturing and installation of renewable energy/energy saving systems.	Loan limit - Need based Loan limit - Need based Loan limit - Need based Loan limit - Need based Loan limit - Need based Rs. 5.00 lakhs per product Loan limit - Need based
g) Scheme for Infrastructure Development. i) Scheme for setting up of Industrial Estates.	All Forms of organisations such as Public/Pvt. Ltd. Cos., Partnerships, sole - Proprietary, Municipalities.	For setting up of industrial estates for exclusive allotment of sheds/plots to SSI units.	Loan limit - Need based
ii) Scheme for Development. Maintenance and Construction of Roads.	Existing SSI units engaged in the activity, which have been in operation for at least 3 years with profits in the last 2 years.	For acquisition of capital goods equipments required for the activity.	Loan limit - Need based.
h) Refinance scheme for Technology Development and Modernization (RTDM)	Sole Proprietorships, Partnerships, Co-operative Societies, Private and Public Ltd., Companies.	Assistance under the scheme would be available for meeting the expenditure on. a) Purchase of capital equipment, need based civil works and acquisition of additional land. b) Acquisition of technical know-how, design, drawing and fashion forecast where relevant to specific product group. c) Upgradation of process technology and products with trust on quality improvement comparable with acceptable domestic international standards.	Project outlay-Not to exceed Rs.100.00 lakhs. Preliminary and pre-operative expenses shall not be covered as a part of the cost of the project.
i) Refinance scheme for Acquisition of ISO 9000 Certification for SSI Unit (ISO 9000)	Existing industrial concerns in the SSI sector having a good record of past performance and sound financial position. The concern should : a) have been in operation for a period of atleast four years; b) have earned profit and / or declared dividend during the preceding two financial years; c) not in default to institution / banks in payment of their dues and d) have been exporting their products directly or indirectly or have plans to manufacture products for exports.	Expenses on consultancy, documentation, audit, certification fees, equipment and calibrating instruments required would be taken into account for determining the loan requirement.	Loan limit - Need based.
j) Technology Upgradation Fund Scheme	Existing /new / proprietary / partnership concerns and private / public limited companies with or without expansion, for modernization engaged in textile as prescribed by SIDBI.	Technology upgradation and modernization.	Cost of the scheme Not to exceed Rs. 100.00 lakhs. Promoter’s contribution: 20% DER: For the unit as a whole 2:1 Rate of interest : As applicable to SSIs. Interest subsidy : 5 points of interest will be reimbursed by Government of India.
k) Financial assistance for purchase of existing assets.	The units in existence for a minimum period of 2 years with good track record.	For purchase of existing land, building and machinery with prescribed residual life.	Loan Limit: Minimum of Rs. 5.00 lakhs and maximum as applicable to term loans. Interest Rate: 1% more than the prevailing rate. Repayment: 5 years including moratorium period of 1 year.
l) Financial assistance for setting up of Cold Storage.	All Proprietary / Partnership concerns, Public/ Private Limited companies, Co-op. Societies, Market Committees, Boards, Agro Industries Corporations.	For setting up of Cold Storage facilities.	Loan Limit: Rs. 250 Lakhs. Repayment: 8 years including moratorium period of 2 years.
m) Scheme for purchase of Paddy harvesting machine.	All agriculturists belonging to Union Territory of Puducherry.	For purchase of Tractor and Harvesting Machine to harvest the crops in their vicinity.	Loan Limit: Upto 70% of the cost of tractor and harvesting machine. DER: 2:1
n) Scheme for purchase of 4 wheeler for own use.	Qualified personnel in medicine, management, accountancy, engineering, architecture, etc. and good borrowers of the Corporation. (industrial units).	For purchase of new four wheeler vehicle (Air Conditioned or non-air-conditioned) for own use.	Loan Limit: Upto 75% of the cost of vehicle. Interest Concession: 1% for Good Borrowers of ‘A’ category and 0.5% for ‘B’ category.
o) Scheme for construction of Marriage Hall / Community Hall / Convention Centre / Commercial Godown.	Proprietary, Partnership and Limited Companies.	Construction of building, interior design/decoration and acquisition of capital goods/requirement etc. Any other facilities required for commercial complex.	Loan Limit: Rs. 250 lakhs. DER: 2:1 Repayment: 8 years excluding moratorium period of 2 years. Collateral security to an extent of 100% of loan amount including the value of commercial complex site.
p) Car Loan Scheme	Employees of Govt. of Puducherry & Employees of Govt. of Puducherry undertaking.	For purchase of new car for personal use.	Loan Limit: 70% of the cost of the vehicle. Security: Immovable property situated in the U.T. of Puducherry to the extent of 100% of loan amount.
q) Merit Loan Scheme for Good Borrowers	i) Already assisted units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years. ii) Good Borrowers who have already settled the loan account with PIPDIC.	Construction of additional building, purchase of additional machineries & equipments essential for expansion / modernisation / diversification and meet the working capital needs	Loan limit, maximum amount of loan shall be the equal amount paid by the unit. DER 2:1 Interest concession 1% less than the normal rate of interest. No application fees. No Investigation fees. No detailed appraisal.

 Note:

For considering sanction of loans on the above scheme, collateral security in the form of immovable property shall be offered as detailed below:

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

· In respect of immovable property situated out-side 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 not be less than 200% of the loan amount.

· The Valuation of the properties to be offered as security shall be assessed by engaging Charted Engineer from the approved panel of the Corporation.