Financial Assistance for Purchase of Existing Assets

About This Scheme

The "Financial Assistance for Purchase of Existing Assets" 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 who are in existence for a minimum period of 2 years with good track record. The assistance is provided for purchase of existing land, building and machinery with prescribed residual life. The applications for this scheme are accepted online only.

Eligibility

The scheme is applicable to the units which are in existence for a minimum period of 2 years with good track record.

Benefits

Loan Limit: Minimum of ₹5,00,000/- and maximum as applicable to term loans. Interest Rate: 1% more than the prevailing rate. Repayment: 5 years including moratorium period of 1 year.

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.