Scheme of Assistance to Good Borrowers: ‘B’ Category
The scheme aims to support and reward existing industrial units and transport loanees who have maintained a satisfactory repayment track record. It provides term loans ranging from ₹5,00,000/- to ₹150,00,000/- for expansion, modernization, or acquisition of fixed assets.
About This Scheme
The scheme “Scheme of Assistance to Good Borrowers: ‘B’ Category” was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to provide financial assistance to specific categories of good borrowers for acquiring fixed assets, setting up new units, and supporting expansion, modernization, or diversification of existing units. The scheme provides loan limits ranging from a minimum of ₹5,00,000/- to a maximum of ₹150,00,000/-, along with an interest concession of 0.5% less than the normal rate for ‘B’ Category borrowers. The applications for this scheme are accepted online via the PIPDIC portal.
Benefits
Financial Assistance: A loan limit of a minimum of ₹5,00,000/- and a maximum of ₹150,00,000/-.
Interest Concession: The borrower receives an interest concession of 1/2% less than the normal rate.
Conditions
The collateral security offered in the form of immovable property must be valued by engaging a Chartered Engineer or valuer from the approved panel of the Corporation.
The applicant must acquire fixed assets, such as purchasing balancing equipment, replacement of machinery/equipment, or acquiring assets for setting up new units or expanding/modernizing existing units.
The loan repayment period is 3 to 5 years, excluding the moratorium period.
The applicant must offer collateral security in the form of immovable property.
The value of the immovable property offered as collateral security must not be less than the term loan sanctioned, if the property is situated in the Union Territory of Puducherry.
If the immovable property is situated outside the Union Territory of Puducherry, the value offered must not be less than 150% of the loan amount if it is land with building.
If the immovable property situated outside the Union Territory of Puducherry is only land, the value offered must not be less than 200% of the loan amount.
Eligibility Criteria
Existing assisted units satisfying the criteria under Good Borrowers which have not obtained reschedulement not for more than once and regular in repayment after reschedulement.
Units assisted by other institutions / banks satisfying the criteria and with the fixed assets in existing units is free from encumbrance.
Application Process
Apply Online
User Manual:
https://pipdic.in/uploads/PIPDIC_docs/user_manual.pdf
How to Apply:
https://pipdic.in/how_to_apply
Applicant Login:
https://pipdic.in/customer_login
Application Link:
https://pipdic.in/forms
Grievance Form:
https://pipdic.in/grievance_form
Registration Process
Step 1: Registration and Profile Creation
Visit the
PIPDIC website.
Click “Login”. Click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the “Register” button.
Step 2: Email Verification and Login
Use the registered email-id to log in. An OTP is sent to the registered email address.
The applicant is then required to enter the OTP and click “Login” to access to the customer dashboard.
Step 3: Profile Update
Upon successful login, the customer needs to update their profile by accessing the “Edit Profile” option (top right corner of the dashboard).
The applicant must provide all required details. Click “Submit”.
Application Process (Loan Application)
Step 1: Accessing the Loan Application Form
To initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the “Applications” tab.
Step 2: Reviewing Checklist and Accepting Terms
A pop-up window displaying a checklist of General Terms and Conditions, interest rate structure, investigation fees, and collateral security norms will appear for review.
Carefully read this checklist, confirm that all necessary documents have been gathered as requested, and click the “I Agree” button to proceed to the application form.
Step 3: Filling the Loan Application Form
Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.
Step 4: Declaration and Submission
The applicant must carefully read and agree to the comprehensive declaration provided within the application form (covering confirmation of true information, absence of unauthorized borrowing arrangements, and consent to verification) before finally ticking the “I agree to terms” checkbox and clicking the final “Submit” button for the main application form.
Step 5: Promoter Bio-Data and Document Upload
The system will redirect the applicant to enter the Biodata of the Promoter, Partner, or Director, which is typically a multi-step process. The necessary KYC and supporting documents must be uploaded by clicking the “Choose File” button next to each field.
Step 6: Application Fees Payment
Once the entire application and bio-data submission is complete, pay the applicable application fee.
If selecting online payment, the system automatically redirects the applicant to the payment summary page, where they verify their details and make the payment.
Step 7: Receiving and Saving Payment Receipt
Upon successful payment, the user is redirected back to PIPDIC website, where a receipt for the application fee paid is generated.
The applicant can print this receipt or save it to their computer as a PDF for future reference.
Application Status Tracking and Support
The customer can monitor the status of their submitted application (which will initially show a status like ‘UNDER REVIEW’) by clicking the “View My application” link on the dashboard and selecting the relevant loan application in the drop-down menu.
Application Fees
For loans up to ₹25,00,000/-, the application fee is ₹100/-.
For loans above ₹25,00,000/-, the application fee is ₹200/-.
Grievance Redressal / Help & Support
The applicant can contact the Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited at No.60, Romain Rolland Street, Puducherry 605001.
The office phone number is 0413-2334361.
The email address for contact is info@pipdic.com.
The General Manager (Administration) can be contacted via mobile at 9894653835.
Official Source: View on myScheme.gov.in
Benefits
Financial Assistance: A loan limit of a minimum of ₹5,00,000/- and a maximum of ₹150,00,000/-.
Interest Concession: The borrower receives an interest concession of 1/2% less than the normal rate.
Conditions
The collateral security offered in the form of immovable property must be valued by engaging a Chartered Engineer or valuer from the approved panel of the Corporation.
The applicant must acquire fixed assets, such as purchasing balancing equipment, replacement of machinery/equipment, or acquiring assets for setting up new units or expanding/modernizing existing units.
The loan repayment period is 3 to 5 years, excluding the moratorium period.
The applicant must offer collateral security in the form of immovable property.
The value of the immovable property offered as collateral security must not be less than the term loan sanctioned, if the property is situated in the Union Territory of Puducherry.
If the immovable property is situated outside the Union Territory of Puducherry, the value offered must not be less than 150% of the loan amount if it is land with building.
If the immovable property situated outside the Union Territory of Puducherry is only land, the value offered must not be less than 200% of the loan amount.
Application Process
Apply Online
User Manual: https://pipdic.in/uploads/PIPDIC_docs/user_manual.pdf
How to Apply: https://pipdic.in/how_to_apply
Applicant Login: https://pipdic.in/customer_login
Application Link: https://pipdic.in/forms
Grievance Form: https://pipdic.in/grievance_form
Registration Process
Step 1: Registration and Profile Creation
Visit the PIPDIC website.
Click "Login". Click the “New customer” link under the “Login” menu, enter a username, email-id, password, and captcha, and then click the "Register" button.
Step 2: Email Verification and Login
Use the registered email-id to log in. An OTP is sent to the registered email address.
The applicant is then required to enter the OTP and click "Login" to access to the customer dashboard.
Step 3: Profile Update
Upon successful login, the customer needs to update their profile by accessing the "Edit Profile" option (top right corner of the dashboard).
The applicant must provide all required details. Click "Submit".
Application Process (Loan Application)
Step 1: Accessing the Loan Application Form
To initiate the loan application process, the applicant must navigate from the customer dashboard by clicking on the "Applications" tab.
Step 2: Reviewing Checklist and Accepting Terms
A pop-up window displaying a checklist of General Terms and Conditions, interest rate structure, investigation fees, and collateral security norms will appear for review.
Carefully read this checklist, confirm that all necessary documents have been gathered as requested, and click the “I Agree” button to proceed to the application form.
Step 3: Filling the Loan Application Form
Fill the multi-step application form, providing appropriate details in all mandatory fields across the required steps.
Step 4: Declaration and Submission
The applicant must carefully read and agree to the comprehensive declaration provided within the application form (covering confirmation of true information, absence of unauthorized borrowing arrangements, and consent to verification) before finally ticking the "I agree to terms" checkbox and clicking the final "Submit" button for the main application form.
Step 5: Promoter Bio-Data and Document Upload
The system will redirect the applicant to enter the Biodata of the Promoter, Partner, or Director, which is typically a multi-step process. The necessary KYC and supporting documents must be uploaded by clicking the "Choose File" button next to each field.
Step 6: Application Fees Payment
Once the entire application and bio-data submission is complete, pay the applicable application fee.
If selecting online payment, the system automatically redirects the applicant to the payment summary page, where they verify their details and make the payment.
Step 7: Receiving and Saving Payment Receipt
Upon successful payment, the user is redirected back to PIPDIC website, where a receipt for the application fee paid is generated.
The applicant can print this receipt or save it to their computer as a PDF for future reference.
Application Status Tracking and Support
The customer can monitor the status of their submitted application (which will initially show a status like 'UNDER REVIEW') by clicking the "View My application" link on the dashboard and selecting the relevant loan application in the drop-down menu.
Application Fees
For loans up to ₹25,00,000/-, the application fee is ₹100/-.
For loans above ₹25,00,000/-, the application fee is ₹200/-.
Grievance Redressal / Help & Support
The applicant can contact the Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited at No.60, Romain Rolland Street, Puducherry 605001.
The office phone number is 0413-2334361.
The email address for contact is info@pipdic.com.
The General Manager (Administration) can be contacted via mobile at 9894653835.
References & Official Links
Scheme Details
| Full Name | Scheme of Assistance to Good Borrowers: ‘B’ Category |
| Short Title | SAGB-BC |
| Level | State |
| Scheme For | Individual |
| Categories | Business & Entrepreneurship |
| States | Puducherry |
| Gender | All |
| Area | Both |
| Source | www.myscheme.gov.in ↗ |
Deepika Raikwar · 📅 16 May 2026
Deepika Raikwar is an Education Analyst and scholarship researcher who focuses on public welfare and merit-based scholarships. She simplifies complex eligibility rules, deadlines, and application processes to help common people access reliable funding opportunities worldwide.
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