About this business scheme
The scheme aims to provide special financial assistance to existing good borrowers who have maintained an excellent track record of timely repayment. Benefits include term loans up to Rs. 150,00,000/- and an interest rate concession of 1% less than the normal rate for modernization, expansion, etc.
The “Scheme Of Assistance To Good Borrowers: ‘A’ Category” was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist existing units that are classified as 'A' Category Good Borrowers, who are existing assisted units of Medium Scale Industry and Small Scale Industry, to acquire fixed assets and undertake expansion, modernization, or replacement of machinery. The scheme provides loan limits ranging from a minimum of Rs. 5,00,000/- to a maximum of Rs. 150,00,000/-. The applications for this scheme are accepted online.
Benefits at a glance
| Scheme name | Scheme Of Assistance To Good Borrowers: ‘A’ Category (SAGB-AC) |
|---|---|
| Launched by | Industries and Commerce Department, Puducherry |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Puducherry |
| Official portal | pipdic.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Online |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 3+ years |
Who can apply (quick check)
- 👤Female
- 🎂Age 3+ years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Financial assistance is available for a minimum amount of Rs. 5,00,000/- and a maximum amount of Rs. 150,00,000.
- An interest concession of 1% less than the normal rate is provided for 'A' Category borrowers.
- The loan funds are intended to be used to acquire fixed assets for setting up of new units.
- The loan funds are intended for expansion, modernization, purchase of balancing equipment, and replacement of machinery or equipment of existing units.
- The repayment period is 3 to 5 years, excluding the moratorium period.
Conditions
- Fixed assets in existing units assisted by other institutions or banks must be free from encumbrance.
- Collateral security in the form of immovable property must be offered as per the lending policy of the Corporation.
- The value of immovable property situated in the Union Territory of Puducherry to be offered shall be not less than the amount of term loan sanctioned.
- If the immovable property is situated outside the Union Territory of Puducherry, the value must be not less than 150% of the loan amount in the case of land with building.
- If the immovable property situated outside the Union Territory of Puducherry is only land, the value of the same shall be not less than 200% of the loan amount.
Who qualifies
- The applicant must be an existing assisted unit classified as ‘A’ Category.
- The applicant must be an existing assisted unit of Medium Scale Industry or Small Scale Industry classified as ‘A’ Category.
- The existing assisted unit must be in operation for more than 3 years.
- The existing assisted unit must be regular in repayment.
- The existing assisted unit must be regular in repayment without availing re-schedulement.
- The applicant can be an existing assisted unit by other institutions or Banks which satisfies the criteria under Good Borrowers, and its fixed assets must be free from encumbrance.
- The applicant can be an existing transport loanee who has settled the loan promptly.
Who is not eligible
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Papers to keep ready
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
*Since the loan limit for this scheme can go up to Rs. 150,00,000, the document requirements listed below correspond to the checklist for loans Above Rs. 25,00,000.
Documents Required At The Time Of Filing Loan Application
- Copy Of Acknowledgement Of Micro, Small, And Medium Enterprises Registration Certificate Obtained From Industries Department.
- Copy Of Registered Lease Deed For The Work Premises For The 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 (2 Copies).
- 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).
- Comparative Statement For Machinery With Justification For Choosing The Supplier.
- Selected Machinery Supplier’s Client List With Detailed Postal Address.
- 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 Manufacture 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 Permanent Account Number Card, Voters Identity Card, Ration Card, Aadhaar Card, And Bank Pass Book.
- Detailed Project Report On The Project.
- Details Asked For In The Application At Page Numbers 12, 13, 14, And 15 Are To Be Furnished Compulsorily (To Prepare Appraisal Report).
- Consent Letter From Bank For Sanction Of Working Capital Loan.
- Consent Letter To Offer Collateral Security To The Extent Required By Pondicherry Industrial Promotion Development And Investment Corporation.
- 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).
Particulars To Be Submitted Either During Processing Time Or After Sanction Of Loan
- Applicable License Copies (Including Puducherry Planning Authority Approval, Inspector Of Factories Approval, Municipal Or Panchayat Permission, And Pollution Clearance Etc.).
- Original Title Deed.
- Antecedent Title Deeds.
- Encumbrance Certificate For 30 Years.
- Valuation Certificate (Obtained From Approved Panel Valuer Of Pondicherry Industrial Promotion Development And Investment Corporation).
- Field Measurement Book Copy.
- Patta Copy.
- Legal Opinion Report For Factory Site And Collateral Security Property.
Registration walkthrough
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_formhttps://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 Rs. 25,00,000/-, the application fee is Rs. 100/-.
- For loans above Rs. 25,00,000/-, the application fee is Rs. 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.
Frequently asked questions
Does my unit need to demonstrate a history of consistent and timely payment of past dues to be considered for eligibility under this specific scheme?
Yes, the existing assisted unit must maintain a track record of being regular and prompt in fulfilling all its repayment obligations.
What minimum valuation standard is applied when the immovable property offered as collateral, situated outside the Union Territory, consists solely of land?
If the property situated outside the Union Territory of Puducherry is only land, its value must be at least 200% of the sanctioned loan amount.
What are the various approved uses for the funds provided through this financial assistance program once the application is successfully sanctioned?
The loan funds are to be used for acquiring fixed assets, setting up new units, or undertaking expansion, modernization, purchase of balancing equipment, or replacement of machinery or equipment of existing units.
What is the absolute minimum amount of financial assistance that an applicant classified under the 'A' Category can apply for under this program?
The minimum loan limit available for eligible units under this scheme is stipulated to be Rs. 5,00,000.
If my unit has been assisted by other financial institutions or banks instead of this Corporation, can I still apply for this particular scheme?
Yes, units assisted by other institutions or banks may apply, provided they satisfy the criteria under Good Borrowers and their existing fixed assets are free from encumbrance.
If I offer immovable property located specifically within the Union Territory of Puducherry as collateral, what minimum value must it represent?
The value of immovable property situated in the Union Territory of Puducherry offered as security must be not less than the amount of the sanctioned term loan.
What specific benefit or concession is offered to the ‘A’ Category Good Borrowers regarding the interest rate applicable to the sanctioned loan amount?
Applicants classified under the ‘A’ Category are provided with a favorable interest concession of 1% less than the prevailing normal rate.
What is the minimum operational history required for my existing business unit to be considered eligible to receive this special financial assistance?
The existing assisted unit must have been fully operational for a duration of more than three years to qualify for the scheme benefits.
For collateral security consisting of land and building located outside the Union Territory of Puducherry, what percentage of the loan amount is required as minimum value?
If the immovable property situated outside the Union Territory of Puducherry includes both land and a building, its value must be at least 150% of the loan amount.
Will my unit still qualify for this loan program if we have previously obtained re-schedulement for any existing financial assistance we have received?
No, to be eligible for the 'A' Category, your existing assisted unit must be regular in repayment without ever having utilized re-schedulement.
What specific industrial sectors or classifications are eligible to receive assistance under the 'A' Category scheme for good borrowers?
The eligible units include existing assisted units classified as 'A' Category in both the Medium Scale Industry and Small Scale Industry sectors.
Am I eligible to apply for this financial support if my enterprise is already an existing assisted unit of the financing corporation?
Yes, the assistance is specifically targeted towards existing assisted units that fulfill the criteria defined under the 'A' Category of Good Borrowers.
What is the standard repayment timeline set for the term loan provided under this scheme, not accounting for any potential initial grace period?
The period for repayment of the term loan ranges from 3 to 5 years, not including the specified moratorium period.
Is there a maximum ceiling placed on the total amount of the term loan that an ‘A’ Category Good Borrower can receive under the scheme provisions?
The maximum loan limit permitted for eligible 'A' Category units under the scheme provisions is Rs. 150,00,000.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Scheme Information pipdic.in
- PIPDIC Brochure pipdic.in (PDF)
- Contact Us pipdic.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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