|
Q1.) What is PICUP ?
Q2.) Who can avail of the benefits of the package of services offered
by PICUP ?
Q3.) What does PICUP offer under Project Identification ?
Q4.) Which Financial Services thus PICUP render to entrepreneurs ?
Q1.) What is PICUP ?
PRADESHIYA INDUSTRIAL & INVESTMENT CORPORATION OF U.P. LTD (PICUP), a Government of
Uttar Pradesh undertaking was established in 1972, for the industrial development in the
State of Uttar Pradesh, to usher in economic development through industrialization of the
State. Over a period of 28 years from a modest beginning initiated with schemes for
sanction of financial assistance by way of term loans upto Rs. 30 lakhs and underwriting
assistance, equity participation, preparation of feasibility reports, identification of
projects etc. to enterprises keen on developing in Uttar Pradesh
PICUP has grown up to a vibrant industrial development organization providing a wide range
of services to the industry. In the late 70's with the Government of India's policy
decision of granting industrial licenses to SIDCs, the private sector soon realized the
vast potential of Uttar Pradesh and began mushrooming with PICUP's participation as
Joint/Assisted sector Co-promoter.
PICUP's financial assistance has covered a lot of ground helping to set industrial units
in diverse fields such as electronic, electrical, telecommunications, chemicals, food
processing, engineering, automotive components, textiles, nursing homes, hotels and
tourism. PICUP has helped the transition of Uttar Pradesh from an Agro economy to a
buoyant industrialized state.
Q2.) Who can avail of the benefits of the package of services offered by PICUP?
PICUP caters financial & technical needs of medium & large scale unit in the state of UP while long term loans from PICUP restricted to units while Project Cost not exceeding 12 Crores.
Q3.)What does PICUP offer under Project Identification ?
The project Division of PICUP ,manned by technical experts & engineers from various disciplines, constantly identifies new Project possibilities % interact with entrepreneurs with a view to helping them to form up their ideas .
Q4)Which Financial Services thus PICUP render to entrepreneurs?
PICUP is range of financial services
is varied a need based .Broadly the financial services are as under :-
Term Loan
Bill Discounting Scheme
Equipment Refinance Scheme
Film Development Funds
Project Identification
Information Technology Sector
Industrial Promotion Activities