Scheme Of Assistance To Women Entrepreneurs (Mahalir Udavi)

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.

• 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.

All existing and new SSI/Tiny units promoted exclusively by women entrepreneurs / consisting of majority of women entrepreneurs.

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 Process

Step 1:**** Registration and Profile Creation

Visit 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 Login

• Use 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 Update

• Upon 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 Form

• To 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 Terms

• A 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 Form

Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.

Step 4:**** Declaration and Submission

The 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 Upload

The 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 Payment

• Once 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 Receipt

• Upon 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 Support

The 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 Fees

• For 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 & Support

• The 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.