AI SummaryPuducherry government runs Short Term Financial Support to Good Borrowers for existing small and medium scale industry units to meet urgent operational fund requirements. This scheme offers financial support ranging from ₹5,00,000 to ₹50,00,000 to help you execute specific orders, manage seasonal financial surges, and fulfill confirmed export contracts well.
Short Term Financial Support to Good Borrowers stands out as a dedicated scheme by the Puducherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), under the Department of Industries & Commerce, Puducherry. This scheme provides you with the bridge capital needed for executing specific orders, addressing seasonal fluctuations, or completing export commitments.
You can access financial support starting at ₹5,00,000 up to a maximum of ₹50,00,000. To qualify, you should operate as an existing Medium Scale Industry or Small Scale Industry unit classified under 'A' or 'B' category. If you are already a good borrower who has repaid 30% of your principal loan amount, you are eligible to apply. PIPDIC implements this support directly, and you can submit your application through their online portal.
Short Term Financial Support to Good Borrowers
You can avail of financial support ranging from a minimum of ₹5,00,000 to a maximum of ₹50,00,000. These funds help you manage short-term requirements like seasonal demands or specific export orders. Once you complete documentation, the corporation releases 100% of the loan amount immediately.
| Loan Amount | Repayment Period |
| Up to ₹10,00,000 | 12 months |
| Above ₹10,00,000 to ₹25,00,000 | 18 months |
| Above ₹25,00,000 to ₹50,00,000 | 24 months |
Please note that you should provide collateral security equivalent to 150% of the term loan value. For non-assisted units, the specific loan quantum depends on your individual case merit and the security offered.
Key Information
| Scheme Name | Short Term Financial Support to Good Borrowers |
| Level | State |
| Scheme For | Individual |
| Beneficiary States | Puducherry |
| Category | Business & Entrepreneurship |
| Target Beneficiaries | Business Entity |
| Sub Category | Start-up / Entrepreneurship, Loan, Technology Upgradation |
| Benefit Type | Cash |
| DBT Scheme | No |
| Main Department | Industries and Commerce Department, Puducherry |
Eligibility
You are eligible if you lead an existing Micro, Small, or Medium Enterprise (MSME) classified as 'A' or 'B' category. If you are a Good Borrower who has already repaid 30% of your principal loan amount or operate within a profitable business group with a very good four-year track record, you may apply. For example, if Ramesh runs a food processing unit that is profitable and has a clean repayment history for four years, he matches the criteria for this support.
Application Process
You should initiate your online application process by visiting the PIPDIC official portal. Detailed guides are available in the User Manual. To apply, register your profile, verify your email via the OTP sent, and update your company details. Once your dashboard is ready, select the 'Applications' tab to start your request.
You must review the terms checklist covering interest rates and security norms before providing your details. After completing the form, upload your promoter bio-data and required KYC documents. Finally, make the application fee payment of ₹100 for loans up to ₹25,00,000 and ₹200 for amounts above that, to finalize your application. You can track your status as 'UNDER REVIEW' directly through your user dashboard.
Documents
At the time of filing your loan application, gather the following documents: acknowledgement of MSME registration, partnership deeds if applicable, and identification proof for all promoters (PAN, Aadhar, Voter ID). Include your audited balance sheets for the last 3 years and detailed project reports for loans exceeding ₹25,00,000.
For collateral security, you will later need your original title deeds, a 30-year encumbrance certificate, a valuation certificate from an approved panel valuer, field measurement book (FMB) copies, patta copies, and a legal opinion report regarding your property.
References
Scheme Information | PIPDIC Brochure | Contact Us
FAQ's
How do I create an account and begin the registration process?
Visit the PIPDIC website, click the login menu, and select 'New Customer' to register using your email and a secure password.
What is the purpose of the email OTP verification?
The OTP sent to your registered email makes sure that your account remains secure and that only authorized users manage your loan application.
What details must I provide in my profile?
You should access the 'Edit Profile' section on your dashboard and fill in all mandatory business and promoter information required for verification.
What documents are required for my loan application?
You need your KYC documents, promoter bio-data, and the last 3 years of balance sheets. Please refer to the online checklist before starting your application.
What are the application fees?
The application fee is ₹100 for loan amounts up to ₹25,00,000 and ₹200 for amounts exceeding ₹25,00,000.
How can I track my status?
Simply navigate to the 'View My Application' link in your customer dashboard to see the current stage of your request.
Where can I find help for grievances?
For support, you can contact the Managing Director at 0413-2334361 or reach out via email at info@pipdic.com for support with your application.