SAGB-AC

The scheme aims to provide special financial assistance to existing good borrowers who have maintained an excellent track record of timely repayment. Benefits include term loans up to ₹150,00,000/- and an interest rate concession of 1% less than the normal rate for modernization, expansion, etc.

The “Scheme Of Assistance To Good Borrowers: ‘A’ Category” was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist existing units that are classified as 'A' Category Good Borrowers, who are existing assisted units of Medium Scale Industry and Small Scale Industry, to acquire fixed assets and undertake expansion, modernization, or replacement of machinery. The scheme provides loan limits ranging from a minimum of ₹5,00,000/- to a maximum of ₹150,00,000/-. The applications for this scheme are accepted online.

• The applicant must be an existing assisted unit classified as ‘A’ Category.
• The applicant must be an existing assisted unit of Medium Scale Industry or Small Scale Industry classified as ‘A’ Category.
• The existing assisted unit must be in operation for more than 3 years.
• The existing assisted unit must be regular in repayment.
• The existing assisted unit must be regular in repayment without availing re-schedulement.
• The applicant can be an existing assisted unit by other institutions or Banks which satisfies the criteria under Good Borrowers, and its fixed assets must be free from encumbrance.
• The applicant can be an existing transport loanee who has settled the loan promptly.

• Financial assistance is available for a minimum amount of ₹5,00,000/- and a maximum amount of ₹150,00,000.
• An interest concession of 1% less than the normal rate is provided for 'A' Category borrowers.
• The loan funds are intended to be used to acquire fixed assets for setting up of new units.
• The loan funds are intended for expansion, modernization, purchase of balancing equipment, and replacement of machinery or equipment of existing units.
• The repayment period is 3 to 5 years, excluding the moratorium period.

##### Conditions

• _Fixed assets in existing units assisted by other institutions or banks must be free from encumbrance._
• _Collateral security in the form of immovable property must be offered as per the lending policy of the Corporation._
• _The value of immovable property situated in the Union Territory of Puducherry to be offered shall be not less than the amount of term loan sanctioned._
• _If the immovable property is situated outside the Union Territory of Puducherry, the value must be not less than 150% of the loan amount in the case of land with building._
• _If the immovable property situated outside the Union Territory of Puducherry is only land, the value of the same shall be not less than 200% of the loan amount._