PIPDIC Cold Storage Loan — ₹2.5 Crore Term Loan in Puducherry — Frequently Asked Questions

The term loan starts at a minimum of ₹2.5 crore (₹25,000,000). There is no fixed maximum written into the scheme — the ceiling is governed by the standard term loan policies PIPDIC applies to loans of this type.

The finance is specifically meant for setting up cold storage facilities. The scheme exists to build cold chain infrastructure for perishable goods, reduce post-harvest losses and improve the agricultural supply chain in Puducherry.

The loan runs for a total repayment period of 8 years, or 96 months. The first 2 years of that, roughly 24 months, are a moratorium during which principal repayments are not required, giving a new facility time to stabilise before repayments begin.

Proprietary concerns, partnership concerns, public limited companies, private limited companies, co-operative societies, market committees, boards and agro industries corporations can all apply. Eligibility is defined by the type of entity, and the project must be for establishing cold storage facilities.

No. This is a term loan, so the funding is non-dilutive — PIPDIC does not take a stake in your company. You retain ownership of the business and repay the borrowed amount over the 8-year schedule.

No. The scheme runs on a rolling basis and is always open, so applications can be submitted at any time through the PIPDIC portal.

The scheme's stated eligibility conditions define applicants by entity type only. Neither DPIIT recognition nor MSME registration is listed as a requirement in the scheme details provided.

The fee is ₹100 for loan applications up to ₹25,00,000, and ₹200 where the loan amount sought is more than ₹25,00,000. Since this scheme's minimum loan of ₹2.5 crore (₹25,000,000) sits above that threshold, an application here falls in the ₹200 bracket. The fee is paid online at the end of the application process, and a receipt is generated that you should save or print.

You will need to enter the bio-data of the promoter, partner or director, and upload KYC documents along with other supporting documents requested by the portal. The exact list appears in the checklist pop-up that opens before the main application form, and you are asked to confirm you have gathered everything before clicking "I Agree".

Applications are online only, through the PIPDIC website. Register as a new customer, verify your email with the OTP sent to it, update your profile, then open the "Applications" tab and complete the multi-step loan form, declaration, bio-data and document uploads before paying the fee. To check progress afterwards, click "View My application" on your dashboard and select the loan from the drop-down; the status is shown as 'UNDER REVIEW' to begin with.

PIPDIC Cold Storage Loan — ₹2.5 Crore Term Loan in Puducherry is offered by Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC), a government body. It is provided as non-dilutive funding.