The scheme "Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to extend financial assistance to new or existing Micro Enterprises promoted exclusively by women entrepreneurs or consisting of a majority of women entrepreneurs. The scheme provides a loan for acquiring fixed assets and/or meeting
75% subsidy
CAPITAL · quoted from the scheme, not calculated by us
DETAILS The scheme "Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to extend financial assistance to new or existing Micro Enterprises promoted exclusively by women entrepreneurs or consisting of a majority of women entrepreneurs. The scheme provides a loan for acquiring fixed assets and/or meeting the working capital requirement for setting up new Small Scale Industry Units or Micro Enterprises, with financial assistance considered up to a maximum of 75% of the project cost, provided the total project cost does not exceed ₹20,00,000/-. The applications for this scheme are accepted online through the PIPDIC portal. BENEFITS Financial assistance shall be considered up to a maximum of 75% of the project cost. The loan is provided for acquiring fixed assets. The loan is provided to meet the working capital requirement. A concessional rate of interest of 0.5% less than the normal rate is charged for units promoted by Women. A 50% concession is provided on the investigation fee. The maximum term loan repayment period is 10 years. Conditions The project cost shall not exceed ₹20,00,000/-. The Promoter’s contribution must be 25% of the project cost. The Debt Equity Ratio (DER) shall be 3:1. Repayment period is a maximum of 10 years, which includes a moratorium period of a maximum of 2 years, depending upon the period of implementation. Collateral security in the form of immovable property shall be offered as per the lending policy of the Corporation. Apart from collateral security, proposed fixed assets must be covered by mortgage and/or hypothecation. For units promoted by women entrepreneurs, the value of the immovable property to be offered as collateral security is reduced and fixed at 50% of the loan amount. ELIGIBILITY All existing and new SSI/Tiny units promoted exclusively by women entrepreneurs / consisting of majority of women entrepreneurs.
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We don’t hold the step-by-step process for Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)yet. 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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