Sarkari Yojana
Car Loan Scheme
About Car Loan Scheme
Offered by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) under the Department of Industries & Commerce, Puducherry, the “Car Loan Scheme” helps employees of the Government of Puducherry & employees of Government of Puducherry undertakings buy a new car for their personal use. Applications can only be made online.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Car Loan Scheme, applicants must satisfy the following conditions:
Employees of the Government of Puducherry & employees…
Employees of the Government of Puducherry & employees of Government of Puducherry undertakings are covered by the scheme.
Benefits Provided
Car Loan Scheme provides the following benefits to eligible applicants:
Loan Limit:
Up to 70% of the vehicle's cost. Security: Immovable property located in the UT of Puducherry covering 100% of the loan amount.
Documents Required
Applicants should keep the following documents ready before starting the application:
Identity and Personal Documents
Photocopies of the PAN Card
Photocopies of the PAN Card.
Photocopies of the Voter's Identity card
Photocopies of the Voter's Identity card.
Photocopies of the Ration Card
Photocopies of the Ration Card.
Photocopies of the Aadhaar Card
Photocopies of the Aadhaar Card.
A photocopy of the bank passbook
A photocopy of the bank passbook.
A photocopy of the driving licence
A photocopy of the driving licence.
A community certificate (for SC / ST applicants)
A community certificate (for SC / ST applicants).
The applicant's Bio-Data, completed in every respect
The applicant's Bio-Data, completed in every respect.
A passport-size photo (to be uploaded with the…
A passport-size photo (to be uploaded with the Bio-Data). Employment and Income Documents
Employment proof (showing the applicant is a permanent…
Employment proof (showing the applicant is a permanent employee of the Government of Puducherry or a Government of Puducherry undertaking).
A salary slip or salary certificate (showing that…
A salary slip or salary certificate (showing that take-home pay, after deducting the loan instalment, is at least one-third of gross salary).
A service certificate (showing that the remaining service…
A service certificate (showing that the remaining service is at least as long as the loan repayment period). Vehicle Related Documents
The original price quotation for the vehicle
The original price quotation for the vehicle. Property and Collateral Documents (For Mortgaged Property)
The original title deeds standing in the party's…
The original title deeds standing in the party's name.
Antecedent Title Deeds (deeds executed between the vendors…
Antecedent Title Deeds (deeds executed between the vendors of the property's owner and third parties) for the property offered as security, covering 30 years (or 20 years) (original or certified copy).
An original Encumbrance Certificate for the property covering…
An original Encumbrance Certificate for the property covering 30 years before the sanction order date.
An original Valuation Certificate for the property
An original Valuation Certificate for the property.
The Patta for the property
The Patta for the property.
The original Field Measurement Book Copy (FMB Copy)…
The original Field Measurement Book Copy (FMB Copy) of the property.
The latest original tax paid receipt (Up to…
The latest original tax paid receipt (Up to Date Tax Paid Receipt).
The original Chitta Nagal of the property
The original Chitta Nagal of the property.
A copy of the Settlement Register for the…
A copy of the Settlement Register for the property.
An original Adangal Certificate (where the property is…
An original Adangal Certificate (where the property is agricultural land).
An original certificate from the Village Administrative Officer…
An original certificate from the Village Administrative Officer confirming the owner's possession of the property.
For property in the name of a deceased…
For property in the name of a deceased person, a Legal Heir Declaratory Decree from a competent court in Puducherry or a Legal Heir Certificate from the Tahsildar.
A letter consenting to provide collateral security to…
A letter consenting to provide collateral security to the extent PIPDIC requires.
How to Apply
Online Application
Applicants can apply for Car Loan Scheme through the online application process outlined below.
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
Registration and Profile Creation Open the PIPDIC website
Registration and Profile Creation Open the PIPDIC website. and select "Login". Under the "Login" menu, choose the “New customer” link, supply a username, email-id, password and the captcha, and press the "Register" button.
Email Verification and Login - Sign in using…
Email Verification and Login
Sign in using the email-id you registered with; an OTP will be emailed to that address.
Type in the OTP and press "Login" to open the customer dashboard.
Profile Update - After logging in, open "Edit…
Profile Update
After logging in, open "Edit Profile" (at the top right of the dashboard) to update your profile.
Enter every required detail and press "Submit".
Application Process (Loan Application)
Accessing the Loan Application Form - Start the…
Accessing the Loan Application Form
Start the loan application by selecting the "Applications" tab on the customer dashboard.
Reviewing Checklist and Accepting Terms - A pop-up…
Reviewing Checklist and Accepting Terms
A pop-up will show a checklist covering General Terms and Conditions, the interest rate structure, investigation fees, and collateral security norms.
Read it thoroughly, make sure every requested document is ready, and press the “I Agree” button to move on to the application form.
Filling the Loan Application Form Work through the…
Filling the Loan Application Form Work through the multi-step application form, entering suitable details in each mandatory field at every step.
Declaration and Submission Read and accept the detailed…
Declaration and Submission Read and accept the detailed declaration in the form, which confirms the information is true, that there are no unauthorized borrowing arrangements, and that you consent to verification, then tick the "I agree to terms" checkbox and press the final "Submit" button for the main application form.
Promoter Bio-Data and Document Upload You will next…
Promoter Bio-Data and Document Upload You will next be taken to enter the Biodata of the Promoter, Partner, or Director, usually over several steps. Upload the required KYC and supporting documents using the "Choose File" button beside each field.
Application Fees Payment - After the full application…
Application Fees Payment
After the full application and bio-data have been submitted, pay the relevant application fee.
For online payment, you are taken automatically to a payment summary page to check your details and pay.
Receiving and Saving Payment Receipt - After a…
Receiving and Saving Payment Receipt
After a successful payment, you return to the PIPDIC website, where a receipt for the application fee is generated.
Print the receipt or save it as a PDF on your computer for later reference.
Application Status Tracking and Support
To follow the progress of a submitted application (initially shown with a status such as 'UNDER REVIEW'), click the "View My application" link on the dashboard and choose the relevant loan application from the drop-down menu.
Application Fees
Loans of up to ₹25,00,000/- carry an application fee of ₹100/-.
Loans of more than ₹25,00,000/- carry an application fee of ₹200/-.
Grievance Redressal / Help & Support
Write to or visit the Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited, No.60, Romain Rolland Street, Puducherry 605001.
Office telephone: 0413-2334361.
Email: info@pipdic.com.
The General Manager (Administration) is reachable on mobile at 9894653835.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.