About this banking scheme
The scheme aims to assist Qualified Personnel in Medicine, Management, Accountancy, Engineering, Architecture, etc. and Good Borrowers of the Corporation (Industrial Units) for purchase of New Four Wheeler Vehicle (Air Conditioned or Non-air-conditioned) for own use. The applications are online.
The "Scheme for Purchase of 4 Wheeler for Own Use" was launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), Department of Industries & Commerce, Puducherry. The scheme aims to assist Qualified Personnel in Medicine, Management, Accountancy, Engineering, Architecture, etc. and Good Borrowers of the Corporation (Industrial Units) for purchase of New Four Wheeler Vehicle (Air Conditioned or Non-air-conditioned) for own use. The applications for this scheme are accepted online only.
Benefits at a glance
| Scheme name | Scheme for Purchase of 4 Wheeler for Own Use (SP4WOU) |
|---|---|
| Launched by | Industries and Commerce Department, Puducherry |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Puducherry |
| Official portal | pipdic.in (see References at the end) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Online |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Age | 18 to 60 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 60 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Loan Limit: Upto 75% of the cost of vehicle.
Interest Concession: 1% for Good Borrowers of ‘A’ category and 0.5% for ‘B’ category.
Who qualifies
The scheme is applicable to Qualified Personnel in Medicine, Management, Accountancy, Engineering, Architecture, etc. and Good Borrowers of the Corporation (Industrial Units).
Who is not eligible
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Papers to keep ready
At the Time of Filing Loan Application
Proof of Identity and Address
◦ Copy of the Ration Card.
◦ Copy of the Aadhar Card.
◦ Copy of the Voter's Identity Card.
◦ Copy of the PAN Card.
◦ Copy of the Birth Certificate.
◦ Copy of the Nativity / Residence Certificate.
Proof of Eligibility
◦ Copy of the Community Certificate (in case of SC / ST applicants).
◦ Copy of the Driving Licence.
◦ Proof of qualification (as the scheme is for qualified personnel in medicine, management, accountancy, engineering, architecture, etc.).
Vehicle Documents
◦ Original quotation for the vehicle, chassis, or body building works.
◦ Copy of the RC book for the existing vehicle (if applicable).
◦ Copy of the proceedings obtained from the Transport Department (if applicable).
Financial and Entity Documents
◦ Copy of the Bank pass book.
◦ Copy of the partnership deed (in the case of a partnership concern).
Collateral Documents
◦ Consent letter to offer collateral security to the extent required by PIPDIC.
◦ Copy of documents for the collateral security property.
During Processing Time or After Sanction of Loan
Property and Legal Documents (For Collateral Security)
◦ Original Title deed.
◦ Antecedent title deeds.
◦ Encumbrance Certificate for 30 years.
◦ Valuation certificate obtained from an approved panel valuer of PIPDIC.
◦ FMB (Field Measurement Book) copy.
◦ Patta copy.
◦ Legal opinion report for the collateral security property.
Registration walkthrough
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_formhttps://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 Rs. 25,00,000/-, the application fee is Rs. 100/-.
- For loans above Rs. 25,00,000/-, the application fee is Rs. 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.
Frequently asked questions
How do I create an account and begin the registration process on the application portal?
To create your account, visit the PIPDIC website at https://pipdic.in/, click "Login", and then select the "New customer" link. Enter a unique username, your email address, a secure password, and the Captcha code, then click "Register" to complete the registration process.
What is the purpose of the One-Time Password verification during the login process?
The OTP is a security measure sent to your registered email address to verify your identity and ensure that only authorized users can access your account. You must enter this OTP and click "Login" to proceed to your customer dashboard.
What information am I required to provide when updating my profile after successful login?
Upon logging in, you must access the "Edit Profile" option in the top right corner of your dashboard and complete all required profile details as requested by the system. These details are necessary for the loan application processing and verification purposes.
What documents and information should I prepare before starting my loan application?
Before beginning your loan application, gather all Know Your Customer (KYC) documents and supporting documents as specified in the application checklist. Additionally, prepare detailed biodata information for the Promoter, Partner, or Director, as you will need to upload these documents during the application process.
Where can I access the loan application form once I have completed my profile setup?
After completing your profile update, navigate to the "Applications" tab on your customer dashboard to access the loan application form section.
What is included in the checklist that appears before I can proceed with the loan application?
The pop-up checklist displays the General Terms and Conditions, interest rate structure, investigation fees, and collateral security norms applicable to your loan. You must carefully review this information and confirm that you have gathered all necessary documents before proceeding.
What declaration must I read and agree to before submitting my loan application?
You must read the comprehensive declaration within the application form, which covers confirmation of true and accurate information provided, absence of unauthorized borrowing arrangements, and consent to verification and investigation by PIPDIC officials.
How many steps does the loan application form typically contain, and what should I do if I need to pause my application?
The loan application is structured as a multi-step form across several stages. While the document does not specify a save-and-resume feature, you should complete all mandatory fields across each required step before proceeding to the next stage.
What is the process for uploading Know Your Customer and supporting documents after submitting my application details?
After completing the main application form submission, the system will redirect you to enter your Promoter, Partner, or Director biodata information in a multi-step process. For each required document field, click the "Choose File" button, select the appropriate file from your computer in the format specified by the portal, and upload it to the system.
What are the applicable application fees for different loan amounts under this scheme?
For loan amounts up to Rs. 25,00,000/-, the application fee is Rs. 100/-. For loan amounts exceeding Rs. 25,00,000/-, the application fee is Rs. 200/-.
How do I make the payment for my application fee, and what happens after successful payment?
Once your application and biodata submission is complete, proceed to pay the applicable application fee. If you select online payment, the system will automatically redirect you to a payment summary page where you can verify your details and complete the payment transaction.
What should I do with the payment receipt I receive after paying my application fee?
Upon successful payment, a receipt for your application fee is generated automatically. You can print this receipt or save it to your computer as a PDF for future reference and record-keeping purposes.
How can I track the status of my submitted loan application after submission?
You can monitor your application status by clicking the "View My Application" link on your customer dashboard and selecting your relevant loan application from the drop-down menu. Your application will initially display a status such as "UNDER REVIEW" as it progresses through processing.
What contact information and support channels are available if I need assistance or wish to file a grievance regarding my application?
You can contact the Managing Director at the Pondicherry Industrial Promotion Development and Investment Corporation Limited office located at No.60, Romain Rolland Street, Puducherry 605001. The office phone number is 0413-2334361, and you can email your queries to info@pipdic.com. The General Manager (Administration) is also available via mobile contact at 9894653835. You can also submit a grievance form at https://pipdic.in/grievance_form.
References and official sources
Apply only on the official portal. Nothing is applied for on this site, and applying is free.
grokipedia.org.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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