Scheme for SSI / MSI Sector (PIPDIC)
State: Puducherry
Ministry: null
Department: Industries and Commerce Department, Puducherry
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity

The scheme aims to extend financial support to establish new, or expand/modernize existing, Small Scale Industry and Medium Scale Industry units. Benefits include term loans up to ₹10,00,00,000/- for fixed asset acquisition.

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.

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Eligibility:
1.  The applicant must belong to the Small Scale or Medium Scale sector.
2.  The applicant organization must be one of the following forms: 

- Proprietary Concern
- Partnership Firm
- Co-operative Society
- Private Limited Company
- Public Limited Company

3.  The loan application purpose must be for one of the following purposes:

- Setting-up New Small-Scale Units
- Setting-up New Medium Scale Units
- Expansion of Existing Units
- Modernization of Existing Units
- Diversification of Existing Units
- Any other activities eligible for assistance under the scheme.

4.  The total project cost ceiling must not exceed ₹20,00,00,000/-.
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Application Process:
[Online]
Registration ProcessStep 1: Registration and Profile CreationThe 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 LoginFollowing 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 UpdateUpon 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 FormTo 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 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.
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 FormThe 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 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 UploadFollowing 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 PaymentOnce the entire application and bio-data submission is complete, the customer must pay the applicable application fee.
Step 7: Online Payment ExecutionIf 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 ReceiptUpon 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 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 Required At The Time Of Filing Loan Application (Up To ₹10,00,000/-)Copy Of Acknowledgement Of Micro, Small, And Medium Enterprise Registration Certificate Obtained From Industries Department.
Copy Of Lease Deed For The Work Premises In ₹10.00 Rupees Stamp Paper.
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 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).
Selected Machinery Supplier’s Client List With Detailed Postal Address.
Proof For Sale Price Of End Product And Quotations For Main Raw-Materials To Be Used.
Tie-Up Letters For Marketing The Product.
Copy Of Partnership Deed And Acknowledgement Of Registrar Of Firm (In The Case Of Partnership Concern).
Copies Of Pan Card, Voter’s Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book.
Profitability Statement Detailing Monthly Sales, Income, And Expenditure Details.
Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation Limited.
Investigation Fee At 0.50% On The Loan Amount Applied Plus Applicable Service Tax (For Women/Scheduled Caste/Scheduled Tribe/Differently Abled Entrepreneurs, 50% Concession Has To Be Paid).
Additional Documents Required At The Time Of Filing Loan Application (Above ₹10,00,000/- & Up To ₹25,00,000/-)Site And Factory Building Plan With Machinery Layout And Civil Estimate (2 Copies) (Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited).
Comparative Statement For Machinery With Justification For Choosing The Supplier.
Copy Of Proof For Having Registered As An Approved Supplier With Other Financial Institutions / Banks (Along With Selected Machinery Supplier’s Client List).
Proof For Sale Price Of End Product From The Existing Manufacturer / Dealer.
Quotation / 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.
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).
Mandatory Furnishing Of Details Asked For In The Application At Page Numbers 12, 13, 14, And 15 To Prepare The Appraisal Report.
Consent Letter From Bank For Sanction Of Working Capital Loan.
Balance Sheet And Profit And Loss Account For The Last 3 Years And Banker’s Details (For Interested Concerns/Existing Unit).
Additional Documents Required At The Time Of Filing Loan Application (Above ₹25,00,000/-)Copy Of Registered Lease Deed For The Work Premises For A Period Not Less Than 8 Years Or Consent Letter To Produce Registered Lease Deed For The Work Premises.
Detailed Project Report On The Project.
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).
Investigation Fee At 0.75% On The Loan Amount Applied Plus Applicable Service Tax (For Women/Scheduled Caste/Scheduled Tribe/Differently Abled Entrepreneurs, 50% Concession Has To Be Paid).
Documents To Be Submitted Either During Processing Time Or After Sanction Of Loan:Applicable Licence Copies, Including Inspector Of Factories Approval, Municipal / Panchayat Permission, And Pollution Clearance, Etc..
Puducherry Planning Authority Approval (For Loans Above ₹10,00,000/-).
Original Title Deed.
Antecedent Title Deeds.
Encumbrance Certificate For 30 Years.
Valuation Certificate From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation Limited.
Field Measurement Book Copy (FMB Copy).
Patta Copy.
Legal Opinion Report For Collateral Security Property.