The “Motivation of Unemployed Persons to Start Self-Employed Enterprises” scheme by the District Industries Centre (DIC), Department of Industries and Commerce, UT of Puducherry, is designed to empower the unemployed by providing them financial support and guidance to start manufacturing or service-based enterprises. The scheme plays a vital role in creating self-employment opportunities and enhancing the economic development of the Union Territory.
Highlights of Puducherry Self-Employed Loan
• Scheme Name: Motivation of Unemployed Persons to Start Self-employed Enterprises
• Department: Department of Industries and Commerce, Puducherry
• Implementing Agency: District Industries Centre (DIC)
• Loan Amount: ₹10,000 to ₹2,00,000
• Subsidy: Up to 50% of the project cost
• Target Group: Unemployed residents of Puducherry
• Mode of Application: Offline
Objectives of the Scheme
• Encourage youth and unemployed persons to engage in self-employment
• Support viable manufacturing and service sector enterprises
• Provide financial incentives and bank-linked support to eligible individuals
• Promote entrepreneurship as a means to reduce dependency on government jobs
Key Benefits
Loan Assistance
• Minimum loan: ₹10,000
• Maximum loan: ₹2,00,000
• Interest Rate: Normal bank rate applicable on the date of sanction
Subsidy Structure
• Projects up to ₹10,000: 50% of project cost as subsidy
• Projects above ₹10,000 and below ₹2,00,000: 25% subsidy (up to ₹25,000)
• Subsidy excludes preliminary and pre-operative expenses
Disbursement
• Loan disbursement is done after the beneficiary completes all bank formalities
Eligibility Criteria
• Applicant must be able to read and write fluently
• Must be a permanent resident of Puducherry for at least 3 years
• Must fall within the age range as prescribed by the banks
• Should be unemployed and willing to start a manufacturing or service-based enterprise
• Business must be economically viable
How to Apply – Offline Process
Step 1: Print or collect the prescribed application form from the District Industries Centre
Step 2: Fill out the form, paste a passport-sized photograph, and self-attest all mandatory documents
Step 3: Submit the form in person to:
General Manager,
District Industries Centre (DIC),
Thattanchavady, Puducherry – 605 009
Phone: 0413-2248391 / 2249392 / 2248987
Email: [email protected]
Step 4: After submission, an application receipt number will be issued for tracking and reference
Step 5: Applications are scrutinized quarterly, and eligible candidates are called for an interview
Step 6: Selected applications are forwarded to respective banks for loan processing
Necessary Documents for Application
• Aadhaar Card
• Applicant’s Passport-size Photograph
• Residence-cum-Nativity Certificate from a competent authority
• Age Proof (Birth certificate or educational certificate)
• Residence Proof (Utility bill, ration card, etc.)
• Project Proposal/Report (must include business details, cost, viability, etc.)
Frequently Asked Questions (FAQs)
Q: What is the range of loan amounts under this scheme?
A: From ₹10,000 to ₹2,00,000 based on the business proposal.
Q: How is the subsidy calculated?
A: Projects up to ₹10,000 get 50% subsidy. Projects exceeding ₹10,000 but under ₹2,00,000 get 25% subsidy (max ₹25,000).
Q: What interest rate is applicable?
A: The loan is offered at the standard bank interest rate.
Q: When is the loan disbursed?
A: After banks complete the necessary formalities based on the recommendation from DIC.
Q: What are the residency requirements?
A: The applicant must have resided in the Union Territory of Puducherry for at least 3 years.
Q: Is formal education a requirement?
A: No formal education is required, but the applicant must be literate (able to read and write fluently).
Q: How frequently are interviews conducted?
A: Quarterly, i.e., once every three months.
Q: What happens post-interview?
A: Successful applicants are referred to banks for loan sanctioning.
References & Useful Links
• Official DIC Puducherry Scheme Details
• District Industries Centre (DIC), Thattanchavady, Puducherry – 605 009
• Scheme Guidelines and Application Form – Available at DIC office
