Scheme for Purchase of 4 Wheeler for Own Use

About This Scheme

The "Scheme for Purchase of 4 Wheeler for Own Use" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist Qualified Personnel in Medicine, Management, Accountancy, Engineering, Architecture, etc. and Good Borrowers of the Corporation (Industrial Units) for purchase of New Four Wheeler Vehicle (Air Conditioned or Non-air-conditioned) for own use. The applications for this scheme are accepted online only.

Eligibility

The scheme is applicable to Qualified Personnel in Medicine, Management, Accountancy, Engineering, Architecture, etc. and Good Borrowers of the Corporation (Industrial Units).

Benefits

Loan Limit: Upto 75% of the cost of vehicle. Interest Concession: 1% for Good Borrowers of ‘A’ category and 0.5% for ‘B’ category.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.