How to Apply for PIPDIC Electro-Medical Equipment Scheme — ₹60 Lakh Loan for Doctors

Every application filed through the PIPDIC portal passes through more than one layer of review before a decision is reached.

• Initial screening. PIPDIC first checks that the submission is complete and that the applicant clears the basic eligibility criteria.
• Checklist and terms review. Before the form opens, the applicant reviews and accepts a checklist covering the General Terms and Conditions, the interest rate structure, investigation fees and collateral security norms, and confirms that the required documents have been gathered.
• Detailed assessment. The loan application form, the bio-data of the promoter, partner or director, and all uploaded KYC and supporting documents are then examined by PIPDIC's evaluation committee, which runs a financial and technical assessment.
• Final selection. Approval rests on a combined view of the applicant's eligibility, how relevant the proposed equipment is, and whether the medical practice can realistically service the loan.