Scheme For Women Entrepreneurs Mahila Udyam Nidhi (MUN)
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Business & Entrepreneurship
Beneficiary Type: Individual

The scheme aims to meet the equity gap for new Small Scale Industrial units and service activities promoted by women entrepreneurs. It offers Term Loans and Seed Capital for projects costing up to ₹10,00,000/-.

Benefits:
- The scheme provides financial assistance for projects with a cost up to ₹10,00,000/-.
- The assistance includes a Term Loan component covering 65% of the project cost.
- The assistance includes a Seed Capital component covering 25% of the project cost.
- The applicant receives a concessional rate of interest that is 0.5% less than the normal interest rate charged for loans.
- The applicant receives a 50% concession on the investigation fee.
- The calculated Debt-Equity Ratio (D.E.R) for the project is 1.857:1.

##### ***Repayment and Term Details***

- The repayment period for the Term Loan is 6 to 8 years, which includes a moratorium period of 1 to 2 years.
- The repayment period for the Seed Capital is 10 years.
- The Promoter&#39;s contribution required is 10% of the project cost.

##### ***Conditions***

- _Collateral security in the form of immovable property must be offered, in addition to the mortgage or hypothecation of proposed fixed assets._
- _For units promoted by women entrepreneurs, the value of the immovable property to be offered as security is reduced and fixed at 50% of the loan amount._
- _The valuation of the properties offered as security must be assessed by engaging Chartered Engineers/valuers from the approved panel of the Corporation._

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Eligibility:
- The applicant must be a woman entrepreneur.
- The applicant must be setting up a new Small Scale Industrial unit.
- The applicant must be setting up a service activity.
- The applicant must propose a project with a maximum cost of up to ₹10,00,000/-.

_*The applicant is eligible for a concessional rate of interest that is 0.5% less than the normal rate._
_*The applicant is eligible for a 50% concession on the investigation fee._
_*The collateral security requirement is relaxed, mandating the value of the property offered to be fixed at 50% of the loan amount._
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Application Process:
[Online]
User Manual: https://pipdic.in/uploads/PIPDIC_docs/user_manual.pdf
How to Apply: https://pipdic.in/how_to_apply
Applicant Login: https://pipdic.in/customer_login
Application Link: https://pipdic.in/forms
Grievance Form: https://pipdic.in/grievance_form
Registration ProcessStep 1: Registration and Profile CreationVisit the PIPDIC website. Click "Login". Click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the "Register" button.
Step 2: Email Verification and LoginUse the registered email-id to log in. An OTP is sent to the registered email address.
The applicant is then required to enter the OTP and click "Login" to access to the customer dashboard.
Step 3: Profile UpdateUpon successful login, the customer needs to update their profile by accessing the "Edit Profile" option (top right corner of the dashboard).
The applicant must provide all required details. Click "Submit".
Application Process (Loan Application)Step 1: Accessing the Loan Application FormTo initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the "Applications" tab.
Step 2: Reviewing Checklist and Accepting TermsA pop-up window displaying a checklist of General Terms and Conditions, interest rate structure, investigation fees, and collateral security norms will appear for review.
Carefully read this checklist, confirm that all necessary documents have been gathered as requested, and click the “I Agree” button to proceed to the application form.
Step 3: Filling the Loan Application FormFill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.
Step 4: Declaration and SubmissionThe applicant must carefully read and agree to the comprehensive declaration provided within the application form (covering confirmation of true information, absence of unauthorized borrowing arrangements, and consent to verification) before finally ticking the "I agree to terms" checkbox and clicking the final "Submit" button for the main application form.
Step 5: Promoter Bio-Data and Document UploadThe system will redirect the applicant to enter the Biodata of the Promoter, Partner, or Director, which is typically a multi-step process. The necessary KYC and supporting documents must be uploaded by clicking the "Choose File" button next to each field.
Step 6: Application Fees PaymentOnce the entire application and bio-data submission is complete, pay the applicable application fee.
If selecting online payment, the system automatically redirects the applicant to the payment summary page, where they verify their details and make the payment.
Step 7: Receiving and Saving Payment ReceiptUpon successful payment, the user is redirected back to PIPDIC website, where a receipt for the application fee paid is generated.
The applicant can print this receipt or save it to their computer as a PDF for future reference.
Application Status Tracking and SupportThe customer can monitor the status of their submitted application (which will initially show a status like 'UNDER REVIEW') by clicking the "View My application" link on the dashboard and selecting the relevant loan application in the drop-down menu.
Application FeesFor loans up to ₹25,00,000/-, the application fee is ₹100/-.
For loans above ₹25,00,000/-, the application fee is ₹200/-.
Grievance Redressal / Help & SupportThe applicant can contact the Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited at No.60, Romain Rolland Street, Puducherry 605001.
The office phone number is 0413-2334361.
The email address for contact is info@pipdic.com.
The General Manager (Administration) can be contacted via mobile at 9894653835.

Documents Required:
Documents Required At The Time Of Filing Loan Application (For Loans Up To ₹10,00,000/-)Copy Of Acknowledgement Of Micro, Small, And Medium Enterprise Registration Certificate Obtained From Industries Department.
Copy Of Lease Deed For The Work Premises In ₹10.00 Rupees Stamp Paper.
Copy Of Sale Deed For The Work Premises (In Case The Premises Is Owned By The Applicant).
Quotation From Selected Supplier For All Machinery And Equipments Proposed With Detailed Specification And Catalogue (Original To Be Produced).
Two Comparative Quotations From Standard Suppliers For All Machinery And Equipments Proposed (Original To Be Produced).
Selected Machinery Supplier’s Client List With Detailed Postal Address.
Proof For Sale Price Of End Product And Quotations For Main Raw-Materials To Be Used.
Tie-Up Letters For Marketing The Product.
Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firm (In The Case Of Partnership Concern).
Copies Of Pan Card, Voters Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book.
Profitability Statement Detailing Monthly Sales / Income And Expenditure Details.
Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited.
Investigation Fee At 0.50% On The Loan Amount Applied Plus Applicable Service Tax (50% Concession Must Be Paid By Women Entrepreneurs).
Documents Required Either During Processing Time Or After Sanction Of LoanApplicable Licence Copies, Including Inspector Of Factories Approval, Municipal / Panchayat Permission, And Pollution Clearance, Etc..
Original Title Deed, Antecedent Title Deeds, Encumbrance Certificate For 30 Years, Valuation Certificate From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited, Field Measurement Book Copy, Patta Copy, And Legal Opinion Report For Collateral Security Property.