Scheme Of Assistance To Good Borrowers: ‘A’ Category
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity

The scheme aims to provide special financial assistance to existing good borrowers who have maintained an excellent track record of timely repayment. Benefits include term loans up to ₹150,00,000/- and an interest rate concession of 1% less than the normal rate for modernization, expansion, etc.

Benefits:
- Financial assistance is available for a minimum amount of ₹5,00,000/- and a maximum amount of ₹150,00,000.
- An interest concession of 1% less than the normal rate is provided for &#39;A&#39; Category borrowers.
- The loan funds are intended to be used to acquire fixed assets for setting up of new units.
- The loan funds are intended for expansion, modernization, purchase of balancing equipment, and replacement of machinery or equipment of existing units.
- The repayment period is 3 to 5 years, excluding the moratorium period.

##### ***Conditions***

- _Fixed assets in existing units assisted by other institutions or banks must be free from encumbrance._
- _Collateral security in the form of immovable property must be offered as per the lending policy of the Corporation._
- _The value of immovable property situated in the Union Territory of Puducherry to be offered shall be not less than the amount of term loan sanctioned._
- _If the immovable property is situated outside the Union Territory of Puducherry, the value must be not less than 150% of the loan amount in the case of land with building._
- _If the immovable property situated outside the Union Territory of Puducherry is only land, the value of the same shall be not less than 200% of the loan amount._

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Eligibility:
- The applicant must be an existing assisted unit classified as ‘A’ Category.
- The applicant must be an existing assisted unit of Medium Scale Industry or Small Scale Industry classified as ‘A’ Category.
- The existing assisted unit must be in operation for more than 3 years.
- The existing assisted unit must be regular in repayment.
- The existing assisted unit must be regular in repayment without availing re-schedulement.
- The applicant can be an existing assisted unit by other institutions or Banks which satisfies the criteria under Good Borrowers, and its fixed assets must be free from encumbrance.
- The applicant can be an existing transport loanee who has settled the loan promptly.

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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:
Checklist for Loan Application: https://pipdic.in/uploads/PIPDIC_docs/CHECK_LIST_FOR_LOAN_APPLICATION.pdf
PIPDIC Entrepreneural Guidance: https://pipdic.in/pipdic_guidance
Particulars to be Submitted after getting Sanction of Loan: https://pipdic.in/particulars_loan
Checklist for Documentation: https://pipdic.in/checklist_doc
*Since the loan limit for this scheme can go up to ₹150,00,000, the document requirements listed below correspond to the checklist for loans Above ₹25,00,000.
Documents Required At The Time Of Filing Loan ApplicationCopy Of Acknowledgement Of Micro, Small, And Medium Enterprises Registration Certificate Obtained From Industries Department.
Copy Of Registered Lease Deed For The Work Premises For The Period Not Less Than 8 Years (Or Consent Letter To Produce Registered Lease Deed For The Work Premises).
Copy Of Sale Deed For The Work Premises (In Case The Premises Is Owned By The Applicant).
Site And Factory Building Plan With Machinery Layout And Civil Estimate (2 Copies).
Quotation From Selected Supplier For All Machinery And Equipment Proposed With Detailed Specification And Catalogue (Original To Be Produced).
Two Comparative Quotations From Standard Suppliers For All Machinery And Equipment Proposed (Original To Be Produced).
Comparative Statement For Machinery With Justification For Choosing The Supplier.
Selected Machinery Supplier’s Client List With Detailed Postal Address.
Copy Of Proof For Having Registered As An Approved Supplier With Other Financial Institutions Or Banks.
Proof For Sale Price Of End Product From The Existing Manufacture Or Dealer.
Quotation Or Bill Copies For Each Item Of Raw Materials To Be Used With Arrangements For Regular Supply.
Manufacturing Process Details With Flow Chart.
Statistics For Demand And Supply Position Of Product With Proof, Existing Competitions, Major Consumers Details, And Tie-Up Letters For Marketing The Product.
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 Permanent Account Number Card, Voters Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book.
Detailed Project Report On The Project.
Details Asked For In The Application At Page Numbers 12, 13, 14, And 15 Are To Be Furnished Compulsorily (To Prepare Appraisal Report).
Consent Letter From Bank For Sanction Of Working Capital Loan.
Consent Letter To Offer Collateral Security To The Extent Required By 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.
Track Record, Name And Address Of Concerns, And Type Of Consultancy Service Rendered By The Consultant (If Any).
Details Of Effluent And Arrangement Proposed For Treatment And Disposal Of Effluent (If Any During Process).
Particulars To Be Submitted Either During Processing Time Or After Sanction Of LoanApplicable License Copies (Including Puducherry Planning Authority Approval, Inspector Of Factories Approval, Municipal Or Panchayat Permission, And Pollution Clearance Etc.).
Original Title Deed.
Antecedent Title Deeds.
Encumbrance Certificate For 30 Years.
Valuation Certificate (Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation).
Field Measurement Book Copy.
Patta Copy.
Legal Opinion Report For Factory Site And Collateral Security Property.