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