Scheme For Women Entrepreneurs Mahila Udyam Nidhi (MUN)

• 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._

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• 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._

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User Manual: https://pipdic.in/uploads/PIPDIC_docs/user_manual.pdf

How to Apply: https://pipdic.in/how_to_apply

Applicant Login: https://pipdic.in/customer_login

Application Link: https://pipdic.in/forms

Grievance Form: https://pipdic.in/grievance_form

##### *Registration Process*

##### Step 1:** *Registration and Profile Creation***

Visit the PIPDIC website. Click &quot;Login&quot;. Click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the &quot;Register&quot; button.

##### Step 2:** *Email Verification and Login***

• Use the registered email-id to log in. An OTP is sent to the registered email address.
• The applicant is then required to enter the OTP and click &quot;Login&quot; to access to the customer dashboard.

##### Step 3:** *Profile Update***

• Upon successful login, the customer needs to update their profile by accessing the &quot;Edit Profile&quot; option (top right corner of the dashboard).
• The applicant must provide all required details. Click &quot;Submit&quot;.

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##### *Application Process (Loan Application)*

##### Step 1:** *Accessing the Loan Application Form***

• To initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the &quot;Applications&quot; tab.

##### Step 2:** *Reviewing Checklist and Accepting Terms***

• A pop-up window displaying a checklist of General Terms and Conditions, interest rate structure, investigation fees, and collateral security norms will appear for review.
• Carefully read this checklist, confirm that all necessary documents have been gathered as requested, and click the “I Agree” button to proceed to the application form.

##### Step 3:** *Filling the Loan Application Form***

Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.

##### Step 4:** *Declaration and Submission***

The applicant must carefully read and agree to the comprehensive declaration provided within the application form (covering confirmation of true information, absence of unauthorized borrowing arrangements, and consent to verification) before finally ticking the &quot;I agree to terms&quot; checkbox and clicking the final &quot;Submit&quot; button for the main application form.

##### Step 5:** *Promoter Bio-Data and Document Upload***

The system will redirect the applicant to enter the Biodata of the Promoter, Partner, or Director, which is typically a multi-step process. The necessary KYC and supporting documents must be uploaded by clicking the &quot;Choose File&quot; button next to each field.

##### Step 6:** *Application Fees Payment***

• Once the entire application and bio-data submission is complete, pay the applicable application fee.

• If selecting online payment, the system automatically redirects the applicant to the payment summary page, where they verify their details and make the payment.

##### Step 7:** *Receiving and Saving Payment Receipt***

• Upon successful payment, the user is redirected back to PIPDIC website, where a receipt for the application fee paid is generated.
• The applicant can print this receipt or save it to their computer as a PDF for future reference.

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##### *Application Status Tracking and Support*

The customer can monitor the status of their submitted application (which will initially show a status like &#39;UNDER REVIEW&#39;) by clicking the &quot;View My application&quot; link on the dashboard and selecting the relevant loan application in the drop-down menu.

##### *Application Fees*

• For loans up to ₹25,00,000/-, the application fee is ₹100/-.
• For loans above ₹25,00,000/-, the application fee is ₹200/-.

##### *Grievance Redressal / Help &amp; Support*

• The applicant can contact the Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited at No.60, Romain Rolland Street, Puducherry 605001.
• The office phone number is 0413-2334361.
• The email address for contact is info@pipdic.com.
• The General Manager (Administration) can be contacted via mobile at 9894653835.

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