How to Apply for PIPDIC 'A' Category Good Borrower Loan — ₹5L to ₹1.5Cr for MSMEs

Because this is a lending product, the decision rests on credit appraisal rather than a pitch round or competition.

• Eligibility screening: PIPDIC checks the applicant against the scheme's defined conditions — 'A' Category Good Borrower status, operational history of more than 3 years, and repayment regularity.
• Compliance review: the application is examined for conformity with the scheme's terms, including unencumbered fixed assets and the provision of collateral security as per the Corporation's lending policy.
• Credit assessment: an internal appraisal weighs the financial viability of the proposal and the applicant's creditworthiness.
• Loan sanction: a sanction decision follows once the assessment is complete.

On the applicant's side, the journey runs entirely through the PIPDIC portal:

• Register under "New customer" with a username, email ID, password and captcha, then verify the email via OTP to log in.
• Update all required details under "Edit Profile" and submit.
• Open the "Applications" tab to start the loan application.
• Review the pop-up checklist covering terms, conditions, interest rates, fees and collateral norms, confirm the documents and click "I Agree".
• Complete the multi-step application form, accept the declaration, and submit.
• Enter promoter, partner or director biodata and upload KYC and supporting documents.
• Pay the applicable application fee and save or print the generated receipt.