SFWEMUN

The scheme aims to meet the equity gap for new Small Scale Industrial units and service activities promoted by women entrepreneurs. It offers Term Loans and Seed Capital for projects costing up to ₹10,00,000/-.

The scheme "Scheme For Women Entrepreneurs Mahila Udyam Nidhi (MUN)" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to provide a Term Loan covering 65% of the project cost and Seed Capital covering 25% of the project cost, structured around a maximum project cost of up to ₹10,00,000/-. The applicant must be a woman entrepreneur setting up a new Small Scale Industrial unit or service activity. The applications for this scheme are accepted online.

• The applicant must be a woman entrepreneur.
• The applicant must be setting up a new Small Scale Industrial unit.
• The applicant must be setting up a service activity.
• The applicant must propose a project with a maximum cost of up to ₹10,00,000/-.

_*The applicant is eligible for a concessional rate of interest that is 0.5% less than the normal rate._

_*The applicant is eligible for a 50% concession on the investigation fee._

_*The collateral security requirement is relaxed, mandating the value of the property offered to be fixed at 50% of the loan amount._

• The scheme provides financial assistance for projects with a cost up to ₹10,00,000/-.
• The assistance includes a Term Loan component covering 65% of the project cost.
• The assistance includes a Seed Capital component covering 25% of the project cost.
• The applicant receives a concessional rate of interest that is 0.5% less than the normal interest rate charged for loans.
• The applicant receives a 50% concession on the investigation fee.
• The calculated Debt-Equity Ratio (D.E.R) for the project is 1.857:1.

##### Repayment and Term Details

• The repayment period for the Term Loan is 6 to 8 years, which includes a moratorium period of 1 to 2 years.
• The repayment period for the Seed Capital is 10 years.
• The Promoter's contribution required is 10% of the project cost.

##### Conditions

• _Collateral security in the form of immovable property must be offered, in addition to the mortgage or hypothecation of proposed fixed assets._
• _For units promoted by women entrepreneurs, the value of the immovable property to be offered as security is reduced and fixed at 50% of the loan amount._
• _The valuation of the properties offered as security must be assessed by engaging Chartered Engineers/valuers from the approved panel of the Corporation._