Scheme for SSI / MSI Sector (PIPDIC)

Benefits

Financial assistance (Term Loan) up to a maximum of ₹10,00,00,000/- per project.
Loan proceeds may be used for acquiring fixed assets, including the purchase of land, construction of buildings, and procurement of machinery, equipment, electricals, and miscellaneous fixed assets.
The maximum repayment period is 8 years, which includes a maximum moratorium period of 2 years.

Benefit Disbursement Criteria
The Debt Equity Ratio (DER) must be 3:1 for loans up to ₹25,00,000/-.
The Debt Equity Ratio (DER) must be 2:1 for loans above ₹25,00,000/-.

Conditions
Collateral security in the form of immovable property must be offered as per the lending policy of the corporation.
The valuation of properties offered as security must be assessed by engaging Chartered Engineers or valuers from the approved panel of the Corporation.
In respect of immovable property situated in the Union Territory of Puducherry, the value of the property offered must be not less than the amount of the term loan sanctioned.
In respect of immovable property situated outside the Union Territory of Puducherry, the value of land with building offered must be not less than 150% of the loan amount.
If the property offered outside the Union Territory of Puducherry is only land, its value must be not less than 200% of the loan amount.
For units promoted by Women, Scheduled Caste, Scheduled Tribe, or Differently Abled persons, the value of the property to be offered as collateral security is fixed at 50% of the loan amount.

Application Process

Apply Online
Registration Process
Step 1: Registration and Profile Creation
The applicant must access the PIPDIC website.
Click "Login".
To register as a new customer, the applicant must click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the "Register" button.

Step 2: Email Verification and Login
Following successful registration, the applicant must use the registered email-id to log in, which initiates the process of sending an OTP to the registered email address.
The applicant is then required to enter the OTP received in the email and click the final "Login" button to gain access to the customer dashboard.

Step 3: Profile Update
Upon successful login, the customer needs to update their profile by accessing the "Edit Profile" option, which is typically found in the top right corner of the dashboard.
The applicant must provide all required details, such as Name, Email, Contact Number, and Aadhaar Number, and conclude this step by clicking the "Submit" button located at the bottom of the page.

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 "Applications" tab, and then following the specific menu path corresponding to the required loan amount, such as Applications > Loan Applications > Upto 25 Lakhs Application or Above 25 Lakhs Application.

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.
The applicant must 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
The applicant must proceed with filling the multi-step loan application form, providing appropriate details in all mandatory fields across the required steps.
This includes selecting the activity (Manufacturing, Job Work, Service) and the proposal type (New Project, Expansion, Modernisation, Diversification, Others), and clearly specifying the requested Term Loan and Working Capital assistance amounts.

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 "I agree to terms" checkbox and clicking the final "Submit" button for the main application form.

Step 5: Promoter Bio-Data and Document Upload
Following the submission of the main loan application, the system will redirect the applicant to enter the Biodata of the Promoter, Partner, or Director, which is typically a multi-step process.
During this stage, the necessary KYC and supporting documents, such as copies of PAN Card, Voters Identity, Ration Card, and Aadhaar Card, must be uploaded by clicking the "Choose File" button next to each field and selecting the required document from the computer's file explorer.

Step 6: Application Fees Payment
Once the entire application and bio-data submission is complete, the customer must pay the applicable application fee.

Step 7: Online Payment Execution
If selecting online payment, the system automatically redirects the applicant to the payment summary page, where they verify their details and click "Pay".
The user is then directed to the "PAYU BIZ" third-party payment gateway, where they must enter their debit card, credit card, or banking details, click "Pay Now," and confirm the transaction by entering the OTP received via SMS.

Step 7: Receiving and Saving Payment Receipt
Upon successful payment, the user is redirected back to the Pondicherry Industrial Promotion Development and Investment Corporation Limited 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.

Application Status Tracking and Support
The customer can monitor the status of their submitted application (which will initially show a status like 'UNDER REVIEW') by clicking the "View My application" 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 & 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.

References & Official Links

• Scheme Information
• PIPDIC Brochure
• Contact Us

Scheme Details