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Pondicherry Industrial Promotion Development and Investment Corporation

( A Government of Puducherry Undertaking )

FINANCIAL NORMS

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FINANCIAL NORMS


INTEREST RATE STRUCTURE

Sl.No.

Term loans and working capital loans

Interest rate p.a.

A

Upto Rs.25.00 lakhs

10%

B

Above Rs.25.00 lakhs and upto Rs.50.00 lakhs

11%

C

Above Rs.50.00 lakhs and Term loan to MSI

12%

·      Concessional rate o interest of 0.5% less than the normal rate is charged for units promoted by Women / SC / ST / Differently abled persons.

DEBT EQUITY NORMS

 

SCHEME / PURPOSE / CATEGORY OF BORROWERS

DER

 a.

Composite Loan Scheme

 

 

i) For loans upto Rs. 10 lakhs

3:1

b.

Mahila Udayam Nidhi

1.857 : 1

c.

National Equity Fund

1.857 : 1

d.

SEMFEX Scheme

 

 

i) For term loans upto Rs. 10 lakh

3:1

 

ii) For term loans above Rs. 10 lakh

2:1

e.

Modernisation Scheme

Upto 3 : 1

f.

Schemes/purpose/category of borrowers other than the schemes mentioned above.

 

 

i) For loans upto Rs.25 lakhs

Upto 3 : 1

 

ii) For loans above Rs.25 lakhs and above

Upto 2 : 1


Note: Wherever required the equity will be increased on case to case basis.
Investigation fees

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


Sl.No.

Loan Amount

Investigation fees (%)

a

For loans upto Rs.25.00 lakhs

0.50% of the term loan applied plus service tax as applicable.

b

For loans above Rs.25.00 lakhs

0.75% of the term loan applied plus service tax as applicable.

c

For SC/ST entrepreneurs

50% concession on investigation fee.

ACCEPTANCE OF COLLATERAL SECURITY


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 to be offered as security shall be assessed by engaging Chartered Engineers from the approved panel of the Corporation.