Scheme of Assistance to Good Borrowers: ‘B’ Category

• 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._

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• 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.

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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 &quot;Login&quot;. Click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the &quot;Register&quot; 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 &quot;Login&quot; to access to the customer dashboard.

##### Step 3:** *Profile Update***

• Upon successful login, the customer needs to update their profile by accessing the &quot;Edit Profile&quot; option (top right corner of the dashboard).
• The applicant must provide all required details. Click &quot;Submit&quot;.

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##### *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 &quot;Applications&quot; 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 &quot;I agree to terms&quot; checkbox and clicking the final &quot;Submit&quot; 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 &quot;Choose File&quot; 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.

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##### *Application Status Tracking and Support*

The customer can monitor the status of their submitted application (which will initially show a status like &#39;UNDER REVIEW&#39;) by clicking the &quot;View My application&quot; 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 &amp; 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.

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