Scheme for Purchase of Mobile Sales Van

Scheme for Purchase of Mobile Sales Van offers financial support to Khadi and Village Industries (KVI) institutions in Puducherry to buy new mobile sales vans. This scheme helps you stock and display KVI products or move raw materials for production, and the online application process is open on the official PIPDIC portal.

Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) runs this scheme under the Department of Industries and Commerce, Puducherry. The scheme is meant to widen the market reach of local businesses so their products reach more customers across the region.

Scheme for Purchase of Mobile Sales Van - Details

PIPDIC provides a loan for buying new mobile sales vans to KVI institutions. Proposals under this scheme are supported by KVIC through its interest subsidy scheme, which lowers the cost of borrowing for eligible institutions. The loan is meant for stocking and display sales of KVI products and for transporting raw materials used in production.

Benefits

This scheme gives your business a clear set of financial advantages. Here is what you can expect:

• Financial support to buy new mobile sales vans, which helps increase product visibility and distribution across different locations.
• Help with the transport of raw materials needed to produce KVI goods, so production does not stop for lack of supplies.
• A specific loan limit of up to ₹3,00,000 per vehicle, which keeps the borrowing amount clear and manageable.
• The option to acquire up to six vehicles, so you can scale your sales operations as your business grows.

Eligibility

You are eligible to apply if you represent an individual entity, a partnership firm, a private limited company, or a public limited company with proven experience in marketing Village and Small Industries (VSI) products. The scheme is open to all KVI institutions, and proposals are supported by KVIC under its interest subsidy scheme.

Application Process

You can apply online through the PIPDIC portal. Follow these steps to complete your application:

STEP 1 - Visit the official website and click on login. Register as a new customer using your email and password, then verify your account with the OTP sent to your registered email.

STEP 2 - Log into your dashboard and open the edit profile section to enter your business details correctly.

STEP 3 - Go to the applications tab from your dashboard and start a new application.

STEP 4 - Review the terms and conditions in the pop-up window about interest rates and collateral, then click on I agree.

STEP 5 - Fill the multi-step application form with accurate business and financial details.

STEP 6 - Upload your promoter biodata, KYC, and required business documents.

STEP 7 - Pay the non-refundable application fee online. A fee of ₹100 applies for loans up to ₹25,00,000, while a fee of ₹200 applies for larger amounts.

STEP 8 - Save your payment receipt for future reference and track your application status under the view my application section of your dashboard.

Documents

Keep the following documents ready before you apply. The checklist for loans up to ₹10.00 lakhs applies here because the limit per vehicle is ₹3,00,000:

• Copy of MSME registration certificate from the Industries Department.
• Business premises proof, such as a registered sale deed or a lease deed on ₹10.00 stamp paper.
• Detailed quotations for vehicles and machinery from at least two standard suppliers.
• Marketing tie-up letters and product pricing proof.
• Partnership deed (if applicable) and firm registration documents.
• KYC documents including PAN card, Aadhaar card, voter ID, and bank passbook.
• Profitability statement showing expected monthly sales and expenditure.
• Proof of down payment for at least 50% of the goods value.
• Collateral security consent letter.

References

Scheme Information | PIPDIC Brochure | Contact Us

FAQ's

How do I start my registration on the portal?

Visit the PIPDIC website, select the login menu, click on the new customer tab, and register using your email and password.

What documents are required for my loan application?

You must provide KYC documents, business registration certificates, property ownership or lease deeds, project quotations, and proof of your 50% down payment capacity.

How is the application fee structured?

The fee is ₹100 for loan requests up to ₹25,00,000 and ₹200 for requests exceeding that amount.

How can I track my status?

Log into your dashboard and check the view my application section, where your status will show as under review during processing.

Who should I contact for help?

You can reach the Managing Director at 0413-2334361 or email info@pipdic.com for any queries or to file a grievance.