Refinance Scheme for Technology Development and Modernization — ₹1Cr PIPDIC Loan — Frequently Asked Questions

The scheme supports a project outlay of up to ₹1,00,00,000 (₹1 crore). That is the ceiling on the project being financed, so the refinance loan is built around a plan that stays within that figure.

Neither. This is a refinance loan — a debt facility. You repay what you borrow according to the terms shown on PIPDIC's portal, and no shares in your business change hands, so your ownership stays intact.

Sole proprietorships, partnerships, co-operative societies, private limited companies and public limited companies are all covered. The business should be operating in Puducherry and should have a technology development or modernisation project that fits the scheme.

Eligible uses include buying capital equipment, carrying out necessary civil works, acquiring additional land, purchasing technical know-how along with designs, drawings and fashion forecasts for a specific product group, and upgrading process technology and products to lift quality standards.

No. The scheme runs on a rolling basis and accepts applications throughout the year, so you can apply whenever your project paperwork is ready.

The fee is ₹100 for loans of up to ₹25 lakh and ₹200 for loans above ₹25 lakh. It is paid after you complete the application form and the promoter or director bio-data, and once the payment succeeds a receipt is generated that you should save or print as a PDF.

Everything is handled online through the PIPDIC website. You register as a new customer with a username, email ID and password, log in using the OTP sent to your email, complete your profile under 'Edit Profile', then open the 'Applications' tab to start the loan form. After reviewing the general terms, interest rate structure, investigation fees and collateral security norms, you accept them, fill the multi-step form, agree to the declaration, add the promoter/partner/director bio-data, upload documents and pay the fee.

The application asks for the bio-data of the promoter, partner or director, along with KYC and other supporting documents uploaded against each field. Before you agree to the terms, the portal also asks you to confirm that your documents are ready, so keep them scanned and handy.

There are two stages. First comes a screening for completeness and basic eligibility. If that clears, the PIPDIC team evaluates the project proposal in detail, looking at financial viability and how relevant the technology involved is to the scheme. The outcome of that internal assessment is either approval or rejection.

Yes. Sign in to your dashboard and click 'View My application' to see the loan application you submitted. A fresh submission will typically appear as 'UNDER REVIEW' while it moves through the process.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Refinance Scheme for Technology Development and Modernization — ₹1Cr PIPDIC Loan, though having it can strengthen your application and unlock other benefits.

Refinance Scheme for Technology Development and Modernization — ₹1Cr PIPDIC Loan is offered by Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC), a government body. It is provided as non-dilutive funding.