The "Merit Loan Scheme for Good Borrowers" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist the units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years. The assistance is provided for construction of additional building, purchase of additional machineries & equipments essential for expansion/modernisatio
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No subsidy figure has been verified from this scheme's own order. Check the source below before assuming an amount.
DETAILS The "Merit Loan Scheme for Good Borrowers" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist the units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years. The assistance is provided for construction of additional building, purchase of additional machineries & equipments essential for expansion/modernisation/diversification and meet the working capital needs. The applications for this scheme are accepted online only. BENEFITS Loan Limit: Maximum amount of loan shall be the equal amount paid by the unit. Interest Concession: 1% less than the normal rate of interest. ELIGIBILITY The scheme is applicable to the following - Already assisted units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years. Good Borrowers who have already settled the loan account with PIPDIC.
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We don’t hold the step-by-step process for Merit Loan Scheme for Good Borrowersyet. The department’s own notification is the authority until we do — we would rather say that than invent a plausible sequence.
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