Through this scheme, the cost of implementing suggestions given by the experts in the field of technology, marketing and finance engaged to advise sick units is reimbursed. 50% sub...
Department: · Level: state · State: Puducherry
- Subsidy @ 50% on the cost of diagnostic study by technical institutions initiated through Financial Institutions/Banks/Government with a maximum of ₹50,000/-. - 50% of fees (maximum ₹50,000/- per unit) will be reimbursed on implementing suggestions given by the experts in the field of technology, marketing and finance engaged to advise sick units. - Interest subsidy @ 5% per annum limited to ₹3,00,000/- per year for 3 years on additional finance disbursed by Banks/Financial Institutions for Rehabilitation. *The interest subsidy will be paid through the financial institution. *The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks.
1. The applicant should be MSME unit those who have obtained UAM/EM(Part-ll)/Permanent Registration. 2. The applicant should be a "Sick" Industrial Enterprise. "Sickness" is defined as follows at present and shall be revised as per RBI guidelines from time to time: - Continuous decline in gross output compared to the previous two financial years. - Delay in repayment of loan, taken from institutional sources, for more than 12 months. - Erosion in net worth due to the accumulated losses to the extent of 50% of the net worth during the previous accounting year. 3. Other firms taking over a sick unit for rehabilitation will also be eligible.
**Offline** **Step 1:** The sick enterprise should take print from the prescribed form from the Directorate of Industries and Commerce, Puducherry. **Step 2:** In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents. **Step 3:** The enterprise should submit the duly filled and signed application form and the documents to the Director of Industries either in person or by post. **Step 4:** Request a receipt or acknowledgement from the concerned authority at the Directorate. _*The State Level Committee will go into the merits of each case to decide whether the unit qualifies for the grant of financial assistance._