Scheme for Acquisition of Equipment and Others
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Banking,Financial Services and Insurance, Business & Entrepreneurship
Beneficiary Type: Business Entity

The scheme aims to assist organizations in the small-scale sector in acquiring essential infrastructure and technology upgrades. The scheme provides need-based financial assistance for in-house quality control facilities, DG sets, pollution control equipment, computers and related accessories.

Benefits:
##### ***Loan Quantum***

- For Manufacturing and Installation of Renewable Energy/Energy Saving Systems: ₹5,00,000/- per Product.
- For In-House Quality Control Facilities: Need-based.
- For DG Sets: Need-based.
- For Pollution Control Equipment: Need-based.
- For Computers and Related Accessories: Need-based.
- For Indigenization/Import Substitution: Need-based.

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Eligibility:
The applicant must be an organization in the small-scale sector.
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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
Registration and Identity ProofsCopy of the Acknowledgement of the MSME Registration Certificate Obtained from the Industries Department.
Copies of PAN Card, Voter's Identity, Ration Card, Aadhaar Card, and Bank Pass Book.
Bio-Data of All Promoters/Entrepreneurs (Duly Filled in All Respects).
Community Certificate (If Applicable for SC/ST).
Property and Premises DocumentsCopy of Sale Deed for the Work Premises if Owned by the Applicant.
Copy of Lease Deed for the Work Premises on ₹10/- Stamp Paper (or Registered Lease Deed for Loans Above ₹25,00,000/-).
Original Title Deeds, Antecedent Title Deeds, and Encumbrance Certificate for 30 Years for Collateral Security Property.
Valuation Certificate, FMB Copy, Patta Copy, and Legal Opinion Report for Collateral Security Property.
Site and Factory Building Plan with Machinery Layout and Civil Estimate (For Loans Above ₹10,00,000/-).
Financial and Project DocumentsQuotations from Selected Suppliers for All Machinery and Equipment with Detailed Specifications and Catalogues.
Two Comparative Quotations from Standard Suppliers.
Profitability Statement Detailing Monthly Sales/Income and Expenditure.
Balance Sheet and Profit & Loss Account for the Last 3 Years (For Existing Units/Interested Concerns).
Detailed Project Report (For Loans Above ₹25,00,000/-).
Consent Letter from the Bank for Sanction of Working Capital Loan (For Loans Above ₹10,00,000/-).
Approvals and Clearances (Where Applicable)Inspector of Factories Approval.
Municipal / Panchayat Permission.
Pollution Clearance.