PIPDIC Good Borrowers 'B' Category Loan — Up to ₹1.5 Crore in Puducherry — Frequently Asked Questions

The loan ranges from a minimum of ₹5 lakh to a maximum of ₹1.5 crore. Your sanctioned amount will depend on your project, your repayment capability and the collateral you offer, as assessed during appraisal.

No. The scheme is rolling and always open, so applications are accepted through the year on the PIPDIC online portal. There is no fixed closing date.

Existing assisted units that meet the 'Good Borrower' criteria can apply. Units that were previously assisted by other institutions or banks are also eligible if they satisfy those criteria and their fixed assets are free from encumbrance. Collateral in the form of immovable property is mandatory.

For this scheme, a good borrower is an existing assisted unit that has not taken loan reschedulement more than once and has been regular in repayment after any reschedulement that was granted. Institutions or banks financing your unit earlier does not disqualify you, as long as these norms are met.

Borrowers in the 'B' Category get a concession of 0.5% below the standard applicable interest rate. The rest of the rate structure is shown to you on the portal before you begin filling the application form.

It depends on where the property is. Immovable property inside Puducherry must be worth at least 100% of the term loan sanctioned. Property outside Puducherry must be worth at least 150% of the loan if it is land with a building, or at least 200% of the loan if it is land only.

Yes, this is a loan and it must be repaid. The repayment period is 3 to 5 years, and it excludes the initial moratorium — so the moratorium sits before the repayment clock starts rather than being counted within it.

No. This is a debt facility, so PIPDIC does not take any equity or ownership stake in your business in exchange for the funding.

The funds are meant for acquiring fixed assets, setting up a new industrial unit, or expanding, modernising or diversifying an existing unit.

Applications are made online through the PIPDIC portal. You register a new customer account with a username, email ID, password and captcha, verify with an OTP sent to your email, complete your profile, then fill the multi-step loan application form. Before starting, a pop-up shows the general terms and conditions, interest rate structure, investigation fees and collateral security norms, which you must accept. You then submit the promoter, partner or director bio-data and upload KYC and supporting documents. The application fee is ₹100 for loans up to ₹25 lakh and ₹200 for loans above ₹25 lakh, and a receipt is generated on the PIPDIC website which you can print or save as a PDF. You can track your application, which initially shows as 'UNDER REVIEW', by clicking 'View My application' on the dashboard.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for PIPDIC Good Borrowers 'B' Category Loan — Up to ₹1.5 Crore in Puducherry, though having it can strengthen your application and unlock other benefits.

PIPDIC Good Borrowers 'B' Category Loan — Up to ₹1.5 Crore in Puducherry is offered by Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC), a government body. It is provided as non-dilutive funding.