Government of Puducherry offers incentives / concessions to Industries
(The following information are derived from the concerned departments of Govt of Puducherry. Therefore, it may be changed
from time to time and for latest information, the concerned departments of Govt of Puducherry may be approached)
MOTIVATION OF ENTREPRENEURS TO START INDUSTRIES AND FISCAL ASSISTANCE TO INDUSTRIES
Simplified procedures to get financial assistance from PIPDIC are follows :
- * Application forms have been simplified and being issued.
- * Panel of Advocates have been appointed for getting legal opinion for speedy legal clearance.
- * Panel of Valuers/Chartered Engineers have been appointed for Valuation of properties to be mortgaged.
- * Exempted in furnishing registered lease deed for work premises in respect of loans upto Rs.25.00 lakhs and instead an un-registered lease deed is accepted.
- * For loans upto Rs.25.00 lakhs the promoter’s contribution has been reduced from 33.33% to 25%.
- * Separate Entrepreneur Guidence Cell has been set up for guiding the entrepreneurs in all respect.
- * Financial assistance under merit loan scheme to Good Borrowers of the Corporation is being extended with concessional rate of interest on fast track basis.
- * Interest rebate for prompt payment increased from 1% to 2%.