Grant For Oru Kala Pooja 2026

This scheme supports established PIPDIC-assisted businesses in Puducherry that have maintained good loan repayment records for 3 Read More... years, offering financial aid for expansion and modernization. Read less

Details

Are you a business owner in Puducherry looking to grow your venture? The Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) has a special scheme that could help you expand your operations.

What Is This Scheme?

The 'Merit Loan Scheme for Good Borrowers' is designed by PIPDIC, part of the Department of Industries & Commerce, Puducherry. It's a financial support system for businesses that have been consistently good with their loan repayments for three years. This loan can be used for constructing new buildings, buying extra machinery and equipment for expansion, modernization, or diversification, and even to manage working capital needs.

Who Can Benefit From This Scheme?

This scheme is for two types of businesses:

Businesses that have already received assistance from PIPDIC and have kept their loan accounts in 'Standard Asset' status for at least three consecutive years.
Businesses that have a proven track record of being 'Good Borrowers' and have already successfully closed their loan accounts with PIPDIC.

Why This Scheme Is Important

This scheme recognizes and rewards responsible business practices. By offering financial incentives like lower interest rates and accessible loan limits, PIPDIC aims to encourage businesses to invest further in their growth, thereby contributing to the overall industrial development of Puducherry. It's a way to help successful businesses become even more successful.

Objective

This scheme supports established PIPDIC-assisted businesses in Puducherry that have maintained good loan repayment records for 3 years, offering financial aid for expansion and modernization.

Benefits

Financial assistance of ₹20,000/- per annum per temple for meeting expenses towards the performance of Oru Kala Pooja.

Financial assistance of ₹1,000/- per annum per temple for meeting expenses towards Current Consumption Charges.

Financial assistance of ₹500/- per annum per temple for meeting expenses towards Water Consumption Charges.

Disbursement

Financial assistance shall be sanctioned within three months time.

Sanction is dependent upon the availability of funds.

Assistance for Current Consumption Charges and Water Consumption Charges is granted on the production of bills paid by the temple authority.

Conditions for Availment/Continuation of Benefits

The grant of financial assistance sanctioned must be utilized strictly for the purpose for which it is sanctioned.

The temple authority must produce the Original Vouchers for having utilized the amount towards the performance of Oru Kala Pooja.

The temple authority must provide an Utilization Certificate for having fully utilized the amount for the purpose sought.

Any portion of the amount which remains unspent or unutilized shall be duly surrendered to the Commissioner, Hindu Religious Institutions, Puducherry.

The Government reserves the power to call for the accounts of the temple for the amount sanctioned.

The accounts relating to the financial assistance sanctioned are subject to audit by the Directorate of Accounts & Treasuries, Puducherry or any other competent authority.

Sources and references

Citizen Charter & Application Form

Eligibility Criteria

To be considered for this scheme, your business must meet one of the following conditions:

You are an existing unit assisted by PIPDIC, and your loan account has been classified as a Standard Asset for the last 3 continuous years.
You are a 'Good Borrower' who has successfully repaid and closed your loan account with PIPDIC in the past.

How To Apply

Applications for this scheme are accepted online only. Here's a general idea of the process:

Register Online: Visit the PIPDIC website (https://pipdic.in/) and register for a new customer account.
Update Profile: After logging in, complete all the required details in your profile.
Prepare Documents: Gather all necessary KYC and supporting documents as per the application checklist.
Fill Application: Access the loan application form from your customer dashboard and fill in all required information.
Upload Documents: Upload your biodata and all specified documents.
Pay Application Fee: Make the payment for the application fee online.
Submit Application: Once all steps are completed, submit your application.

For detailed instructions and the official application portal, please refer to the PIPDIC website.

Documents Required

A requisition letter (no formal application form needed).
Audited financial statements for the past 3 years.
Income Tax (IT) Returns.
Collateral security documents (immovable property is required as collateral).
Original title deeds in your name.
Antecedent title deeds for the property (if available, for 30 years or 20 years).
Encumbrance certificate for the property for 30 years before the sanction date (original).
Valuation certificate of the property by a Chartered Engineer from PIPDIC's approved panel (original).
Patta of the property.
Field Measurement Book (FMB) copy of the property (original).
Latest tax paid receipt (original).
Chitta Nagal of the property (original).
Settlement register copy of the property.
Adangal certificate (original) if the property is agricultural land.
Certificate from the Village Administrative Officer proving ownership and possession (original).
Legal Heir Declaratory Decree (for Puducherry property) or Legal Heir Certificate (for Tamil Nadu property) if the property is in the name of a deceased person.

FAQ’s

What is the fee to apply for a loan under this scheme?

If your loan amount is up to ₹25,00,000/-, the application fee is ₹100/-. For loan amounts exceeding ₹25,00,000/-, the fee is ₹200/-.

I've paid my application fee. What should I do with the receipt?

After you successfully pay the application fee, a receipt will be generated automatically. You should keep this receipt safe by printing it or saving it as a PDF for your records.

How can I check the progress of my loan application?

You can track your application's status by logging into your customer dashboard and selecting 'View My Application.' Your application will initially show a status like 'UNDER REVIEW' as it moves through the processing stages.

What happens after I submit my loan application details and biodata?

After you complete the main application form, you'll be directed to enter biodata for your Promoter, Partner, or Director. For each document required, you'll need to select and upload the file from your computer in the specified format.

What needs to be done before I can start filling out the loan application form?

Before you begin, a checklist will appear. This checklist outlines the General Terms and Conditions, interest rates, investigation fees, and collateral security rules. You must review this carefully and confirm you have all necessary documents before proceeding.

What kind of collateral security is needed for this loan?

You must offer collateral security in the form of immovable property. The required documents include original title deeds, antecedent title deeds, an encumbrance certificate, a valuation certificate from an approved engineer, Patta, FMB copy, tax receipts, Chitta Nagal, settlement register copy, and potentially an Adangal certificate and VAO certificate.

How do I pay the application fee, and what happens next?

After submitting your application and biodata, you'll proceed to pay the application fee. If you choose online payment, the system will direct you to a summary page to confirm details and complete the transaction.

What if I need help or have a complaint about my application?

You can reach out to the Managing Director at PIPDIC's office in Puducherry. The phone number is 0413-2334361, and you can email queries to [email protected]. For grievances, you can use the form at https://pipdic.in/grievance_form. The General Manager (Administration) can also be contacted at 9894653835.

Where can I find the loan application form after setting up my profile?

Once your profile is updated, go to the 'Applications' tab on your customer dashboard. From there, you can access the section for loan application forms.

What is the first step to applying for a loan online through PIPDIC?

To start, you need to create an account on the PIPDIC website (https://pipdic.in/). Go to 'Login', click 'New customer', enter a username, email, password, and Captcha, then click 'Register'.

Why is an OTP sent during the login process?

The One-Time Password (OTP) is a security feature sent to your registered email. It confirms your identity, ensuring that only you can access your account and proceed to your dashboard.

What details do I need to fill in after logging in?

After logging in, you must go to 'Edit Profile' in the top right corner and fill in all the mandatory profile details. These are essential for processing and verifying your loan application.

What should I promise when I agree to the declaration before submitting my application?

The declaration confirms that all the information you've provided is true and accurate. It also states that you haven't engaged in unauthorized borrowing and give consent for PIPDIC officials to conduct necessary verifications and investigations.

How many parts does the loan application form have, and what if I need to stop midway?

The loan application is divided into several stages or steps. The system expects you to complete all mandatory fields in each step before moving to the next. It's best to have all information ready to complete it in one go.

What documents and personal information should I get ready before I start applying for the loan?

Before you begin, make sure you have all your Know Your Customer (KYC) documents and other supporting documents ready. You'll also need detailed biodata for yourself (as Promoter, Partner, or Director) to upload during the application.