Financial Assistance for Purchase of Existing Assets

Loan Limit: Minimum of ₹5,00,000/- and maximum as applicable to term loans.

Interest Rate: 1% more than the prevailing rate.

Repayment: 5 years including moratorium period of 1 year.

The scheme is applicable to the units which are in existence for a minimum period of 2 years with good track record.

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 Process

Step 1: Registration and Profile Creation

Visit 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 Login

Use 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 Update

Upon 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 Form

To 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 Terms

A 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 Form

Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.

Step 4: Declaration and Submission

The 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 Upload

The 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 Payment

Once 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 Receipt

Upon 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 Support

The 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 Fees

For 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 & Support

The 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.

At the Time of Filing Loan Application

Identity and Address Proofs

◦ Copies of Permanent Account Number (PAN) Card, Voter Identity Card, Ration Card, and Aadhaar Card.

◦ Bio-data of all the promoters (duly filled in all respects as per the prescribed format).

◦ Residence proof document.

◦ Community Certificate (in case of Scheduled Caste / Scheduled Tribe applicants).

◦ Nativity / Residence Certificate.

Entity Registration and Constitution Documents

◦ Copy of acknowledgement of Micro, Small and Medium Enterprises (MSME) Registration Certificate obtained from the Industries Department.

◦ Copy of Partnership Deed and acknowledgement from the Registrar of Firms (in the case of a partnership concern).

◦ Memorandum and Articles of Association (in the case of a Private Limited Company).

Property and Technical Documents

◦ Copy of the Sale Deed for the work premises (in case the premises is owned by the applicant).

◦ Copy of Lease Deed for the work premises on ₹10.00 stamp paper (for loans up to ₹25,00,000/-).

◦ Copy of Registered Lease Deed for the work premises for a period of not less than 8 years or a consent letter to produce a registered lease deed (for loans above ₹25,00,000/-).

◦ Site and factory building plan with machinery layout and civil estimate (2 copies).

◦ Detailed Project Report on the project (for loans above ₹25,00,000/-).

◦ Manufacturing process details with a flow chart.

◦ Details of effluent and arrangements proposed for treatment and disposal of effluent (if any during the process).

Financial Documents

◦ Copy of Bank Passbook.

◦ Profitability statement detailing monthly sales, income, and expenditure details (for loans up to ₹10,00,000/-).

◦ Balance Sheet and Profit & Loss Account for the last 3 years and bankers' details for interested concerns/existing units (for loans above ₹10,00,000/-).

Valuation and Quotation Documents

◦ Quotation from the selected supplier for all machinery and equipments proposed with detailed specifications and catalogue (original to be produced).

◦ Two comparative quotations from standard suppliers for all machinery and equipments proposed (original to be produced).

◦ 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 and proof of registration as an approved supplier with other financial institutions/banks.

Marketing and Sales Documents

◦ Proof for the sale price of the end product and quotations for main raw materials to be used.

◦ Tie-up letters for marketing the product.

◦ Statistics for demand and supply position of the product with proof, existing competitions, and major consumers details.

Other Application Documents

◦ Consent letter to offer collateral security to the extent required by the Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC).

◦ Consent letter from the bank for sanction of working capital loan (for loans above ₹10,00,000/-).

◦ Track record, name, and address of concerns and type of consultancy service rendered by the consultant (if any).



During Processing Time or After Sanction of Loan

Legal and Property Titles

◦ Original Title Deed and Antecedent Title Deeds.

◦ Encumbrance Certificate for 30 years.

◦ Valuation Certificate.

◦ Field Measurement Book (FMB) copy.

◦ Patta copy.

◦ Legal opinion report for factory site and collateral security property.

◦ Chitta Nagal of the said property.

◦ Settlement register copy of the said property.

◦ Adangal certificate (if the properties are agricultural lands).

Statutory Clearances and Licenses

◦ Inspector of Factories approval in respect of factory building and machinery layout.

◦ Municipal / Panchayat permission.

◦ Permission from Puducherry Planning Authority (PPA).

◦ Power feasibility Certificate from Electricity Department, Puducherry.

◦ Copy of No Objection Certificate (NOC) / Clearance from District Industries Centre (DIC) / Department of Science, Technology & Environment from pollution angle.