How to Apply for PIPDIC SSI/MSI Sector Scheme — Term Loan Up to ₹10 Crore

Each application that arrives is put through an appraisal by Pondicherry Industrial Promotion Development and Investment Corporation Limited before any sanction is considered.

• Eligibility screening: the team first checks the proposal against the scheme's basic conditions — the sector the applicant belongs to, the type of entity applying, and what the project is intended to do.
• Financial viability check: the project's capital structure is then measured against the required Debt Equity Ratio of 3:1 for loans up to ₹25 lakh and 2:1 for loans above ₹25 lakh.
• Collateral valuation: the immovable property offered as security is valued by Chartered Engineers or valuers from PIPDIC's approved panel, and the valuation must satisfy the corporation's lending policy. Properties situated outside Puducherry have to meet higher coverage norms.
• Status tracking: while the appraisal is in progress, the application shows as 'UNDER REVIEW' on the applicant's dashboard, and it advances only once the evaluation is cleared.