Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity

The scheme aims to extend financial assistance to new or existing Micro Enterprises and Small Scale Industry units exclusively promoted by women or having a majority of women entrepreneurs. It provides term loans and working capital assistance up to 75% of the project cost.

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._

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Eligibility:
All existing and new SSI/Tiny units promoted exclusively by women entrepreneurs / consisting of majority of women entrepreneurs.
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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:
*Since the maximum loan limit is ₹20,00,000/-, the following list synthesizes required documents based primarily on the checklist for loans above ₹10,00,000/- and up to ₹25,00,000/-, as this is the most comprehensive category covering the scheme's limit.
Documents To Be Submitted At The Time Of Filing Loan ApplicationCopy 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 (If Premises Is Leased).
Copy Of Sale Deed For The Work Premises (In Case The Premises Is Owned By The Applicant).
Site And Factory Building Plan With Machinery Layout And Civil Estimate Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited (Two Copies).
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).
Comparative Statement For Machinery With Justification For Choosing The Supplier.
Selected Machinery Supplier’s Client List With Detailed Postal Address And Copy Of Proof For Having Registered As An Approved Supplier With Other Financial Institutions Or Banks.
Proof For Sale Price Of End Product From The Existing Manufacture Or Dealer.
Quotation Or Bill Copies For Each Item Of Raw Materials To Be Used With Arrangements For Regular Supply.
Manufacturing Process Details With Flow Chart.
Statistics For Demand And Supply Position Of Product With Proof, Existing Competitions, Major Consumers Details, And Tie-Up Letters For Marketing The Product.
Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firms (In Case Of Partnership Firm).
Memorandum And Articles Of Association (In Case Of Private Limited Company).
Bio-Data Of All The Promoters (Duly Filled In All Respect As Per The Format Enclosed).
Copies Of Permanent Account Number Card, Voters Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book (For All The Promoters).
Details Asked For In The Application At Page Numbers 12, 13, 14, And 15 (Must Be Furnished Compulsorily To Prepare Appraisal Report).
Consent Letter From Bank For Sanction Of Working Capital Loan.
Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited.
Balance Sheet And Profit And Loss Account For Last Three Years And Bankers Details (For Interested Concerns Or Existing Units).
Investigation Fee At 0.50% On The Loan Amount Applied Plus Applicable Service Tax (For Women Entrepreneurs, 50% Concession Has To Be Paid).
Documents To Be Submitted During Processing Time Or After Sanction Of LoanApplicable Licence Copies, Puducherry Planning Authority Approval, Inspector Of Factories Approval, Municipal Or Panchayat Permission, And Pollution Clearance, Etc..
Original Title Deed, Antecedent Title Deeds, Encumbrance Certificate For 30 Years, Valuation Certificate Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited, Field Measurement Book Copy, Patta Copy, And Legal Opinion Report For Factory Site And Collateral Security Property.