Scheme of Assistance to Good Borrowers: ‘B’ Category
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity

The scheme aims to support and reward existing industrial units and transport loanees who have maintained a satisfactory repayment track record. It provides term loans ranging from ₹5,00,000/- to ₹150,00,000/- for expansion, modernization, or acquisition of fixed assets.

Benefits:
- **Financial Assistance:** A loan limit of a minimum of ₹5,00,000/- and a maximum of ₹150,00,000/-.- **Interest Concession:** The borrower receives an interest concession of 1/2% less than the normal rate.
##### ***Conditions***

- _The collateral security offered in the form of immovable property must be valued by engaging a Chartered Engineer or valuer from the approved panel of the Corporation._
- _The applicant must acquire fixed assets, such as purchasing balancing equipment, replacement of machinery/equipment, or acquiring assets for setting up new units or expanding/modernizing existing units._
- _The loan repayment period is 3 to 5 years, excluding the moratorium period._
- _The applicant must offer collateral security in the form of immovable property._
- _The value of the immovable property offered as collateral security must not be less than the term loan sanctioned, if the property is situated in the Union Territory of Puducherry._
- _If the immovable property is situated outside the Union Territory of Puducherry, the value offered must not be less than 150% of the loan amount if it is land with building._
- _If the immovable property situated outside the Union Territory of Puducherry is only land, the value offered must not be less than 200% of the loan amount._

<br>

Eligibility:
- Existing assisted units satisfying the criteria under Good Borrowers which have not obtained reschedulement not for more than once and regular in repayment after reschedulement.
- Units assisted by other institutions / banks satisfying the criteria and with the fixed assets in existing units is free from encumbrance.

<br>

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
Documents To Be Submitted At The Time Of Filing Loan ApplicationCopy Of Acknowledgement Of Micro, Small, And Medium Enterprises Registration Certificate Obtained From Industries Department.
Copy Of Lease Deed For The Work Premises In ₹10/- Stamp Paper (For Loans Up To ₹25,00,000/-).
Copy Of Registered Lease Deed For The Work Premises For The Period Not Less Than Eight Years (For Loans Above ₹25,00,000/-).
Consent Letter To Produce Registered Lease Deed For The Work Premises (For Loans Above ₹25,00,000/-).
Copy Of Sale Deed For The Work Premises In Case The Premises Is Owned By The Applicant.
Quotation From Selected Supplier For All Machinery And Equipments Proposed With Detailed Specification And Catalogue (Original To Be Produced).
Two Comparative Quotations From Standard Suppliers For All Machinery And Equipments Proposed (Original To Be Produced).
Site And Factory Building Plan With Machinery Layout And Civil Estimate (Two Copies) (For Loans Above ₹10,00,000/-).
Comparative Statement For Machinery With Justification For Choosing The Supplier (For Loans Above ₹10,00,000/-).
Selected Machinery Supplier’s Client List With Detailed Postal Address.
Copy Of Proof For Having Registered As An Approved Supplier With Other Financial Institutions / Banks (For Loans Above ₹10,00,000/-).
Proof For Sale Price Of End Product From The Existing Manufacture / Dealer (For Loans Above ₹10,00,000/-).
Quotation / Bill Copies For Each Item Of Raw Materials To Be Used With Arrangements For Regular Supply (For Loans Above ₹10,00,000/-).
Manufacturing Process Details With Flow Chart (For Loans Above ₹10,00,000/-).
Statistics For Demand And Supply Position Of Product With Proof, Existing Competitions, Major Consumers Details, And Tie-Up Letters For Marketing The Product (For Loans Above ₹10,00,000/-).
Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firms In The Case Of Partnership Concern.
Memorandum And Articles Of Association In The Case Of Private Limited Company (For Loans Above ₹10,00,000/-).
Bio-Data Of All The Promoters (Duly Filled In All Respect As Per The Format Enclosed) (For Loans Above ₹10,00,000/-).
Copies Of Permanent Account Number Card, Voters Identity, Ration Card, Aadhaar Card, And Bank Pass Book.
Balance Sheet And Profit And Loss Account For Last Three Years And Bankers Details For Interested Concerns / Existing Unit (For Loans Above ₹10,00,000/-).
Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited (PIPDIC).
Detailed Project Report On The Project (For Loans Above ₹25,00,000/-).
Consent Letter From Bank For Sanction Of Working Capital Loan (For Loans Above ₹10,00,000/-).
Documents To Be Submitted During Processing Time Or After Sanction Of LoanApplicable Licence Copies (Inspector Of Factories Approval, Municipal / Panchayat Permission, Pollution Clearance, Etc.)
Puducherry Planning Authority Approval (For Loans Above ₹10,00,000/-).
Original Title Deed For Collateral Security Property.
Antecedent Title Deeds For Collateral Security Property.
Encumbrance Certificate For Thirty Years For Collateral Security Property.
Valuation Certificate Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited (PIPDIC) For Collateral Security Property.
Field Measurement Book Copy (FMB Copy) For Collateral Security Property.
Patta Copy For Collateral Security Property.
Legal Opinion Report For Collateral Security Property.