How to Apply for Equipment Refinance Scheme — Up to ₹90L Loan for Puducherry SSI Units

Every application filed through the PIPDIC portal is first screened for completeness and for whether it meets the basic eligibility conditions.

The unit's operating history and financial record are then examined closely — the four years of operation, its profit-making and dividend-declaring record over the preceding two financial years, and the promoter's repayment behaviour with banks and other institutions.

An internal committee at PIPDIC studies what the loan will actually pay for, checking that the request fits the scheme's purpose of equipment or machinery purchase for diversification, modernisation, expansion, replacement or balancing equipment.

Shortlisted applicants may go through further due diligence or an interview, where the viability of the proposal and its business potential are assessed, before the loan is finally approved.