Financial Assistance for Setting Up of Cold Storage

Loan Limit: Minimum of ₹2,50,00,000/- and maximum as applicable to term loans.

Loan Purpose: For setting up of Cold Storage facilities.

Repayment: 8 years including moratorium period of 2 years.

The scheme is applicable to the Proprietary/Partnership Concerns, Public/Private Limited Companies, Co-operative Societies, Market Committees, Boards, and Agro Industries Corporations.

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

Copy of Acknowledgement of MSME Registration Certificate Obtained from Industries Department.

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.

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 Obtained from Approved Panel Valuer of PIPDIC (2 Copies).

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).

Comparative Statement for Machinery with Justification for Choosing the Supplier.

Selected Machinery Supplier's Client List with Detailed Postal Address and 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 Manufacturer 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 PAN Card, Voters Identity, Ration Card, Aadhar Card and Bank Pass Book.

Detailed Project Report on the Project.

Consent Letter from Bank for Sanction of Working Capital Loan.

Consent Letter to Offer Collateral Security to the Extent Required by PIPDIC.

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.

Property and Security Documents (For Collateral Security)

Original Title Deeds in the Name of the Party.

The Antecedent Title Deeds (Title Deed Executed Between the Vendors of the Owner of the Said Property and the Third Parties) of the Property Offered as Security by the Party, for 30 Years or 20 Years (Certified Copy or Original).

Encumbrance Certificate for the Said Property for 30 Years Prior to the Date of Sanction Order (Original).

Valuation Certificate of the Said Property (Original).

Patta of the Said Property.

Field Measurement Book Copy (FMB Copy) of the Said Property (Original).

Upto Date Tax Paid Receipt (Latest Tax Paid Receipt) (Original).

Chitta Nagal of the Said Property (Original).

Settlement Register Copy of the Said Property.

Adangal Certificate (If the Properties are Agricultural Lands) (Original).

Certificate Issued by the Village Administrative Officer in Order to Prove the Owners Possession Over the Said Property (Original).

Legal Heir Declaratory Decree Obtained from the Competent Court in Puducherry (For Puducherry Property) or Legal Heir Certificate Obtained from Tahsildar, Tamil Nadu (For Tamil Nadu Property) (In Case of Properties in the Name of Deceased Persons).

Legal Opinion Report for Factory Site and Collateral Security Property.

Post-Sanction / Processing Stage Documents

Inspector of Factories Approval in Respect of Factory Building and Machinery Layout.

Municipal or Panchayat Permission.

Permission from Puducherry Planning Authority (PPA), Puducherry.

Power Feasibility Certificate from Electricity Department, Puducherry.

A Copy of Permission Letter Obtained from the Electricity Department, Puducherry for Captive Generation of Power in Case Generator is Required for the Project.

Copy of NOC or Clearance from DIC or Department of Science, Technology and Environment from Pollution Angle.