Scheme for Acquisition of Equipment and Others gives financial support to small-scale enterprises in Puducherry so they can upgrade their technology and infrastructure and stay competitive. The scheme is run by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) under the Department of Industries and Commerce, Puducherry, and applications are accepted online throughout the year.
Small units can use this support to buy in-house quality control facilities, DG sets, pollution control equipment, computers and related accessories, and equipment for indigenization or import substitution. The loan amount is decided on the need of the unit, while manufacturing and installation of renewable energy or energy saving systems gets up to ₹5,00,000 per product.
Scheme for Acquisition of Equipment and Others - Introduction
PIPDIC was set up by the Government of Puducherry in 1974 to promote industrial development and provide financial help to entrepreneurs. Under this scheme, all forms of organisations in the small-scale sector can apply for a term loan to buy the equipment they need to modernize their operations.
The whole application process is done online, which makes it easy for business owners to apply from anywhere. Once registered on the PIPDIC portal, an applicant can fill the form, upload documents, pay the fee and track the status of the application on the dashboard.
Key Information
| Detail | Information |
|---|---|
| Scheme Name | Scheme for Acquisition of Equipment and Others |
| Level | State |
| Scheme For | Individual |
| Beneficiary State | Puducherry |
| Category | Banking, Financial Services and Insurance, Business and Entrepreneurship |
| Target Beneficiaries | Business Entity |
| Benefit Type | Cash |
| DBT Scheme | No |
| Nodal Department | Industries and Commerce Department, Puducherry |
| Application Mode | Online |
| Official Website | pipdic.in |
Benefits
This scheme helps small-scale units in different ways depending on what they need. The support amount for each category is given below.
| Category | Support Amount |
|---|---|
| Manufacturing and installation of renewable energy or energy saving systems | ₹5,00,000 per product |
| In-house quality control facilities | Need based |
| DG sets | Need based |
| Pollution control equipment | Need based |
| Computers and related accessories | Need based |
| Indigenization or import substitution equipment | Need based |
Eligibility
Any organisation in the small-scale sector in Puducherry can apply under this scheme. This includes proprietary, partnership, company and co-operative society forms of business. For example, if Ramesh runs a small manufacturing unit in Puducherry, he can apply for this support to upgrade his equipment.
Application Process
Applicants can find the required resources on the official portal, including the User Manual, How to Apply Guide, Applicant Login, Application Link and Grievance Form.
STEP 1 - Visit the PIPDIC website and click the Login link. Select New customer to create an account using an email and password.
STEP 2 - Check the registered email for an OTP. Use this code to log in to the dashboard.
STEP 3 - Open the Edit Profile option on the dashboard, fill in the business details and click Submit.
STEP 4 - Go to the Applications tab. Read the terms, check the documents and agree to the conditions to open the form.
STEP 5 - Complete all sections of the application. The system will guide the upload of KYC and promoter biodata by clicking Choose File.
STEP 6 - Pay the application fee online through the payment summary page. For loans up to ₹25,00,000 the fee is ₹100, and for amounts above ₹25,00,000 it is ₹200.
STEP 7 - Save the payment receipt and track the application status under the View My Application section on the dashboard.
Documents
Applicants should prepare their documents using the official resources, including the Loan Application Checklist, Entrepreneurial Guidance, Post-Sanction Requirements and Documentation Checklist. The following documents are generally required:
- MSME Registration Certificate acknowledgement.
- Identity proofs including PAN, Aadhaar and bank passbook.
- Complete biodata for all promoters or partners.
- Property documents such as sale deed or lease deed, with a registered deed for larger loans.
- Collateral documents including title deeds and a 30-year encumbrance certificate.
- Financials covering the last 3 years of P&L and Balance Sheet, profitability statements and detailed project reports.
- Clearances such as factory inspector approval, local panchayat or municipal permission and pollution clearance.
References
Scheme Information | PIPDIC Brochure | Contact Us
FAQ's
How do I create an account?
Visit the PIPDIC website, click Login and select New customer to register with an email and a password.
What is the purpose of the OTP?
The OTP is a security check sent to the registered email to verify identity before dashboard access.
What documents are needed for the loan?
Applicants should prepare KYC documents, promoter biodata, project reports, property deeds and relevant business clearances as listed in the application checklist.
How do I track my application?
Log in to the dashboard and select View My Application to check if the status is Under Review.
What are the application fees?
The fee is ₹100 for loans up to ₹25,00,000 and ₹200 for amounts above that limit.
Who can I contact for help?
Contact the Managing Director, PIPDIC, at No.60, Romain Rolland Street, Puducherry 605001, by calling 0413-2334361, or emailing info@pipdic.com.