Scheme for Hotel and Restaurant Projects
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Banking,Financial Services and Insurance, Business & Entrepreneurship, Travel & Tourism
Beneficiary Type: Business Entity

The scheme was launched by PIPDIC, Department of Industries & Commerce, Puducherry. The scheme aims to financially assist entrepreneurs for setting up entrepreneurs setting up of hotel/restaurant projects in urban areas. The applications for this scheme are accepted online through the PIPDIC portal.

Benefits:
- Financial Assistance to entrepreneurs for setting up of hotel / restaurant projects in urban areas.
- The Loan Limit is need based.
- The Project Cost must not exceed ₹12,00,00,000/-.
- The Repayment Period is upto 10 years including moratorium period.

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Eligibility:
Entrepreneurs setting up hotel / restaurant projects in urban areas are eligible.
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Application Process:
[Online]
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 ProcessStep 1: Registration and Profile CreationVisit the PIPDIC website. Click "Login". 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 LoginUse 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 "Login" to access to the customer dashboard.
Step 3: Profile UpdateUpon successful login, the customer needs to update their profile by accessing the "Edit Profile" option (top right corner of the dashboard).
The applicant must provide all required details. Click "Submit".
Application Process (Loan Application)Step 1: Accessing the Loan Application FormTo initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the "Applications" tab.
Step 2: Reviewing Checklist and Accepting TermsA 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 FormFill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.
Step 4: Declaration and SubmissionThe 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 UploadThe 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 "Choose File" button next to each field.
Step 6: Application Fees PaymentOnce 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 ReceiptUpon 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.
Application Status Tracking and SupportThe 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 FeesFor 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 & SupportThe 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.

Documents Required:
Documents to be Submitted at the Time of Filing Loan ApplicationCopy of the Sale Deed for the Work Site.
Copy of Site and Building Plan Approved by the Puducherry Planning Authority (2 Copies).
Estimate for Building and Other Civil Works Obtained from Approved Panel Valuer of the Pondicherry Industrial Promotion Development and Investment Corporation.
Quotation from Selected Supplier for All the Equipments, Namely Lift, Generator Set, Air Conditioners, Kitchen Equipments, Furnitures, Electronic Private Automatic Branch Exchange System, Television, Refrigerators, Heaters, etc., Proposed with Detailed Specifications and Catalogues (Original Quotations to be Produced).
Two Comparative Quotations from Standard Suppliers for All the Above Equipments Proposed (Original Quotations to be Produced).
Comparative Statement for Equipments with Justification for Choosing the Supplier.
List of Equipments Proposed to be Purchased for Hotel, Kalyanamandapam, Community Hall, Commercial Complex, or Commercial Godown.
Selected Supplier Client List with Detailed Postal Address and Copy of Proof for Having Registered as an Approved Supplier with Other Financial Institutions or Banks.
Detailed Project Report on the Project.
Copy of Partnership Deed and Acknowledgement of Registrar of Firms (In the Case of Partnership Firm).
Memorandum and Articles of Association (In the Case of Private Limited Company).
Bio-Data of All the Promoters (Duly Filled In All Respect as Per the Format Enclosed).
Copies of PAN Card, Voters Identity, Ration Card, Aadhar Card, and Bank Pass Book for All the Promoters.
Brief Write Up on the Scope of the Project.
Consent Letter to Offer Collateral Security to the Extent Required by the Pondicherry Industrial Promotion Development and Investment Corporation.
Balance Sheet and Profit and Loss Account for Last 3 Years and Bankers Details for Interested Concerns or Existing Unit.
Documents to be Submitted Either During Processing Time or After Sanction of LoanApplicable Licence Copies, Such as Municipal or Panchayat Permission, and Food Licence, etc.
Original Title Deed for the Site and Collateral Security Property.
Antecedent Title Deeds for the Site and Collateral Security Property.
Encumbrance Certificate for 30 Years for the Site and Collateral Security Property.
Valuation Certificate Obtained from Approved Panel Valuer of the Pondicherry Industrial Promotion Development and Investment Corporation for the Site and Collateral Security Property.
Field Measurement Book Copy (FMB Copy) for the Site and Collateral Security Property.
Patta Copy for the Site and Collateral Security Property.
Legal Opinion Report for the Site and Collateral Security Property.