Scheme for SSI / MSI Sector (PIPDIC) supports entrepreneurs in Puducherry by providing term loans up to ₹10,00,00,000 for establishing new projects or modernizing existing micro, small, and medium industries. Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) runs this scheme under the Department of Industries and Commerce, Puducherry, and it is open for new applications through the official online portal.
This scheme gives financial support to individuals who want to launch, grow, or modernize their industrial units. Whether you need to buy land, put up buildings, or bring in modern machinery and electrical equipment, the loan helps cover these fixed assets. The official PIPDIC website is the single place to complete the online application process.
Scheme for SSI / MSI Sector - Key Details
PIPDIC was set up by the Government of Puducherry in 1974 with the twin aim of promoting industrial development and giving financial support to entrepreneurs. Under this scheme, the corporation offers term loans for fixed assets to small and medium scale units. The scheme is open for new applications as of August 2026.
| Detail | Information |
|---|---|
| Scheme Name | Scheme for SSI / MSI Sector (PIPDIC) |
| Level | State |
| Scheme For | Individual |
| Beneficiary State | Puducherry |
| Category | Business and Entrepreneurship |
| Target Beneficiaries | Business Entities |
| Benefit Type | Cash Loan |
| Nodal Department | Industries and Commerce Department, Puducherry |
| Official Website | pipdic.in |
Benefits
This scheme gives your business strong financial backing. You can get a term loan of up to ₹10,00,00,000 per project. These funds cover fixed assets such as land, construction, and quality machinery.
You get a flexible repayment period of up to 8 years, which includes a comfortable moratorium of up to 2 years. For example, if Ramesh starts a small manufacturing unit, he can use the moratorium period to finish his factory setup before he begins the principal repayment.
| Loan Amount | Debt Equity Ratio (DER) |
|---|---|
| Up to ₹25,00,000 | 3:1 |
| Above ₹25,00,000 | 2:1 |
Collateral Conditions: You should offer immovable property as security. For property inside Puducherry, the loan amount must match the property value. If the property is outside, it must be at least 150% of the loan (for buildings and land) or 200% (for land only). Women, SC/ST, and differently-abled entrepreneurs enjoy a preferred rate of 50% of the loan amount as collateral security.
Eligibility
You are eligible to apply if you operate within the small or medium scale sector as a Proprietary concern, Partnership firm, Co-operative society, or a Private/Public Limited company. Your total project cost should not exceed ₹20,00,00,000.
This applies if you are setting up a new unit, or if you want to expand, modernize, or diversify an existing setup. For example, if Priya runs an existing textile unit and wants to buy new automated looms, her business qualifies for this support.
Application Process
You should complete your online application by visiting the official PIPDIC website. Follow these steps:
STEP 1 - Create your profile under the 'New customer' section using your email and contact details on the PIPDIC portal.
STEP 2 - Verify your identity through the OTP sent to your registered email to open your dashboard.
STEP 3 - Complete your 'Edit Profile' section with your Aadhaar and contact details.
STEP 4 - Select your loan category (Upto 25 Lakhs or Above 25 Lakhs) under the 'Applications' tab.
STEP 5 - Fill in the multi-step form and upload your KYC documents, project report, and supporting proofs.
STEP 6 - Pay the application fee (₹100 for loans up to ₹25,00,000 or ₹200 for higher amounts) through the secure online payment gateway.
STEP 7 - Submit your application and track its status through the 'View My application' link on your dashboard.
Documents
You should keep the following ready to make the application process smooth:
- MSME Registration Certificate acknowledgement.
- Lease or Sale deed for your work premises (₹10 stamp paper required for lease deeds).
- Detailed machinery quotations and supplier client lists.
- Project details, including manufacturing flow charts and profitability statements.
- KYC documents: PAN Card, Aadhaar, Voter ID, Ration Card, and Bank Passbook.
- For companies: Memorandum and Articles of Association.
- For loans above ₹10,00,000: Factory plans, building layouts, and civil estimates from an approved panel valuer.
References
View Official Scheme Information
FAQ's
What is the maximum loan amount available under this scheme?
You can get a maximum term loan of up to ₹10,00,00,000 per project.
Are Co-operative Societies eligible to apply?
Yes, Co-operative Societies, along with Proprietary concerns and both Private and Public Limited companies, are eligible for this support.
What is the maximum project cost allowed?
The total project cost should not exceed ₹20,00,00,000 to qualify for this funding.
What are the repayment terms?
You may repay the loan over a maximum period of 8 years, which includes a flexible moratorium period of up to 2 years.
What interest rates apply to the loans?
For loans up to ₹25,00,000, the interest is 10% per annum, while for loans exceeding ₹50,00,000, the interest is 12% per annum.