SAGB-BC

The scheme aims to support and reward existing industrial units and transport loanees who have maintained a satisfactory repayment track record. It provides term loans ranging from ₹5,00,000/- to ₹150,00,000/- for expansion, modernization, or acquisition of fixed assets.

The scheme "Scheme of Assistance to Good Borrowers: ‘B’ Category" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to provide financial assistance to specific categories of good borrowers for acquiring fixed assets, setting up new units, and supporting expansion, modernization, or diversification of existing units. The scheme provides loan limits ranging from a minimum of ₹5,00,000/- to a maximum of ₹150,00,000/-, along with an interest concession of 0.5% less than the normal rate for 'B' Category borrowers. The applications for this scheme are accepted online via the PIPDIC portal.

• Existing assisted units satisfying the criteria under Good Borrowers which have not obtained reschedulement not for more than once and regular in repayment after reschedulement.
• Units assisted by other institutions / banks satisfying the criteria and with the fixed assets in existing units is free from encumbrance.

• Financial Assistance: A loan limit of a minimum of ₹5,00,000/- and a maximum of ₹150,00,000/-.- Interest Concession: The borrower receives an interest concession of 1/2% less than the normal rate.

##### Conditions

• _The collateral security offered in the form of immovable property must be valued by engaging a Chartered Engineer or valuer from the approved panel of the Corporation._
• _The applicant must acquire fixed assets, such as purchasing balancing equipment, replacement of machinery/equipment, or acquiring assets for setting up new units or expanding/modernizing existing units._
• _The loan repayment period is 3 to 5 years, excluding the moratorium period._
• _The applicant must offer collateral security in the form of immovable property._
• _The value of the immovable property offered as collateral security must not be less than the term loan sanctioned, if the property is situated in the Union Territory of Puducherry._
• _If the immovable property is situated outside the Union Territory of Puducherry, the value offered must not be less than 150% of the loan amount if it is land with building._
• _If the immovable property situated outside the Union Territory of Puducherry is only land, the value offered must not be less than 200% of the loan amount._