How to Apply for Refinance Scheme for Technology Development and Modernization — ₹1Cr PIPDIC Loan

Once the form is submitted and the fee is paid, the application passes through two layers of review.

1. Completeness and basic eligibility screening — PIPDIC first checks whether the paperwork is in order and whether the applicant clears the scheme's basic criteria.
2. Detailed evaluation — the PIPDIC team then examines the project proposal itself, weighing financial viability and how relevant the proposed technology is to the scheme's objectives.

Qualified proposals move into an internal assessment that ends in approval or rejection. The published details do not describe a selection committee or pitch rounds, so expect the decision to rest on the written application and the strength of the project case rather than on a presentation. Progress can be followed from the customer dashboard, where a freshly submitted application shows as 'UNDER REVIEW'.