MLSGB
What this is
The scheme aims to assist the units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years. The assistance is provided for construction of additional building, purchase of additional machineries & equipments essential for expansion /modernisation / diversification.
In detail
The "Merit Loan Scheme for Good Borrowers" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist the units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years. The assistance is provided for construction of additional building, purchase of additional machineries & equipments essential for expansion/modernisation/diversification and meet the working capital needs. The applications for this scheme are accepted online only.
Who qualifies
The scheme is applicable to the following -
- Already assisted units of PIPDIC whose loan accounts are classified as Standard Assets continuously for 3 years.
- Good Borrowers who have already settled the loan account with PIPDIC.
What you get
Loan Limit: Maximum amount of loan shall be the equal amount paid by the unit.
Interest Concession: 1% less than the normal rate of interest.
not about the scheme.
Provenance
| schemeName | Merit Loan Scheme for Good Borrowers | myScheme · 2026-09-02 |
| schemeOpenDate | ... | not published at source |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | False | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |