Sarkari Yojana
Financial Assistance for Setting Up of Cold Storage
About Financial Assistance for Setting Up of Cold Storage
Launched by the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) under the Department of Industries & Commerce, Puducherry, the “Financial Assistance for Setting Up of Cold Storage” scheme finances the creation of Cold Storage facilities. It is meant for Proprietary/Partnership Concerns, Public/Private Limited Companies, Co-operative Societies, Market Committees, Boards, and Agro Industries Corporations. Applications are received online only.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Financial Assistance for Setting Up of Cold Storage, applicants must satisfy the following conditions:
Proprietary/Partnership Concerns, Public/Private Limited Companies, Co-operative Societies, Market…
Proprietary/Partnership Concerns, Public/Private Limited Companies, Co-operative Societies, Market Committees, Boards, and Agro Industries Corporations are all covered by the scheme.
Benefits Provided
Financial Assistance for Setting Up of Cold Storage provides the following benefits to eligible applicants:
Loan Limit:
Starting at ₹2,50,00,000/- and going up to the maximum permitted for term loans. Loan Purpose: Establishing Cold Storage facilities. Repayment: Over 8 years, inclusive of a 2-year moratorium.
Documents Required
Applicants should keep the following documents ready before starting the application:
At the Time of Filing Loan Application
Photocopy of the acknowledgement of the MSME Registration…
Photocopy of the acknowledgement of the MSME Registration Certificate issued by the Industries Department.
Photocopy of a Registered Lease Deed for the…
Photocopy of a Registered Lease Deed for the work premises covering at least 8 Years, or a consent letter undertaking to produce such a deed.
Photocopy of the Sale Deed for the work…
Photocopy of the Sale Deed for the work premises where the applicant owns them.
Two copies of the site and factory building…
Two copies of the site and factory building plan with machinery layout and civil estimate, prepared by an approved panel valuer of PIPDIC.
The chosen supplier's quotation for all proposed machinery…
The chosen supplier's quotation for all proposed machinery and equipment, with detailed specification and catalogue (original to be shown).
Two competitive quotations from standard suppliers for all…
Two competitive quotations from standard suppliers for all proposed machinery and equipment (originals to be shown).
A comparative statement of machinery giving reasons for…
A comparative statement of machinery giving reasons for selecting the supplier.
The selected supplier's client list with complete postal…
The selected supplier's client list with complete postal addresses, plus proof of its registration as an approved supplier with other financial institutions or banks.
Evidence of the end product's sale price from…
Evidence of the end product's sale price from an existing manufacturer or dealer.
Quotations or bill copies for every raw material…
Quotations or bill copies for every raw material item, along with the arrangements for its regular supply.
Details of the manufacturing process with a flow…
Details of the manufacturing process with a flow chart.
Demand-supply statistics for the product with proof, details…
Demand-supply statistics for the product with proof, details of existing competition and major consumers, and tie-up letters for marketing.
For a partnership firm, the Partnership Deed and…
For a partnership firm, the Partnership Deed and the Registrar of Firms acknowledgement (copies).
For a Private Limited Company, its Memorandum and…
For a Private Limited Company, its Memorandum and Articles of Association.
Bio-data of every promoter, completed fully in the…
Bio-data of every promoter, completed fully in the enclosed format.
Photocopies of the PAN Card, Voters Identity, Ration…
Photocopies of the PAN Card, Voters Identity, Ration Card, Aadhar Card and Bank Pass Book.
A Detailed Project Report for the project
A Detailed Project Report for the project.
The bank's consent letter for sanctioning a working…
The bank's consent letter for sanctioning a working capital loan.
A consent letter agreeing to furnish collateral security…
A consent letter agreeing to furnish collateral security to the extent PIPDIC requires.
Balance Sheet and Profit and Loss Account for…
Balance Sheet and Profit and Loss Account for the previous 3 Years with banker details, for interested concerns or existing units.
The consultant's track record, name, addresses of concerns…
The consultant's track record, name, addresses of concerns served and type of consultancy given (if any).
Information on any effluent produced during the process…
Information on any effluent produced during the process and the arrangements proposed for its treatment and disposal. Property and Security Documents (For Collateral Security)
Original Title Deeds standing in the party's name
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 (certified copy or original).
Original Encumbrance Certificate for the property covering the…
Original Encumbrance Certificate for the property covering the 30 Years before the date of the sanction order.
Original Valuation Certificate of the property
Original Valuation Certificate of the property.
Patta for the property
Patta for the property.
Original Field Measurement Book Copy (FMB Copy) of…
Original Field Measurement Book Copy (FMB Copy) of the property.
Original receipt for the latest property tax paid…
Original receipt for the latest property tax paid (up-to-date).
Original Chitta Nagal of the property
Original Chitta Nagal of the property.
Copy of the Settlement Register for the property
Copy of the Settlement Register for the property.
Original Adangal Certificate (where the properties are agricultural…
Original Adangal Certificate (where the properties are agricultural lands).
Original certificate from the Village Administrative Officer proving…
Original certificate from the Village Administrative Officer proving the owner's possession of the property.
Where the property stands in the name of…
Where the property stands in the name of a deceased person: a Legal Heir Declaratory Decree from the competent court in Puducherry (for Puducherry property) or a Legal Heir Certificate from the Tahsildar, Tamil Nadu (for Tamil Nadu property).
Legal Opinion Report covering the factory site and…
Legal Opinion Report covering the factory site and the collateral security property. Post-Sanction / Processing Stage Documents
Approval from the Inspector of Factories for the…
Approval from the Inspector of Factories for the factory building and machinery layout.
Permission from the Municipality or Panchayat
Permission from the Municipality or Panchayat.
Permission from the Puducherry Planning Authority (PPA), Puducherry
Permission from the Puducherry Planning Authority (PPA), Puducherry.
Power Feasibility Certificate issued by the Electricity Department,…
Power Feasibility Certificate issued by the Electricity Department, Puducherry.
Where a generator is needed for the project,…
Where a generator is needed for the project, a copy of the Electricity Department, Puducherry permission letter for captive power generation.
Copy of the NOC or Clearance, from the…
Copy of the NOC or Clearance, from the pollution standpoint, issued by the DIC or the Department of Science, Technology and Environment.
How to Apply
Online Application
Applicants can apply for Financial Assistance for Setting Up of Cold Storage 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 Head to the PIPDIC…
Registration and Profile Creation Head to the PIPDIC website. and tap "Login". Under that menu, follow the "New customer" link, provide a username, email-id, password and captcha, and tap "Register".
Email Verification and Login - Sign in with…
Email Verification and Login
Sign in with your registered email-id; the portal mails an OTP to that address.
Enter the OTP and tap "Login" to open your customer dashboard.
Profile Update - Next, update your profile using…
Profile Update
Next, update your profile using "Edit Profile" in the top right corner of the dashboard.
Provide all the details sought and tap "Submit".
Application Process (Loan Application)
Accessing the Loan Application Form - From the…
Accessing the Loan Application Form
From the customer dashboard, tap the "Applications" tab to open a new loan application.
Reviewing Checklist and Accepting Terms - A pop-up…
Reviewing Checklist and Accepting Terms
A pop-up checklist will show the General Terms and Conditions, interest rate structure, investigation fees and collateral security norms.
Read it thoroughly, confirm you have all the listed documents in hand, and tap "I Agree" to continue to the form.
Filling the Loan Application Form Move through each…
Filling the Loan Application Form Move through each stage of the multi-step form, entering suitable details in all compulsory fields.
Declaration and Submission Review the declaration within the…
Declaration and Submission Review the declaration within the form, which confirms truthful information, no unauthorized borrowing arrangements and consent to verification, then tick "I agree to terms" and tap the final "Submit" button for the main form.
Promoter Bio-Data and Document Upload The portal then…
Promoter Bio-Data and Document Upload The portal then moves you to the Biodata section for the Promoter, Partner, or Director, normally completed in several steps. Use the "Choose File" button next to each field to upload the KYC and supporting documents.
Application Fees Payment - When the application and…
Application Fees Payment
When the application and bio-data are completely submitted, pay the application fee that applies.
For online payment, you are forwarded automatically to a payment summary page to verify your details and pay.
Receiving and Saving Payment Receipt - After a…
Receiving and Saving Payment Receipt
After a successful payment, the PIPDIC website reopens and generates a receipt for the fee paid.
Print it or save it as a PDF on your computer for your records.
Application Status Tracking and Support
You can keep an eye on the application's status (shown at first as something like 'UNDER REVIEW') through the "View My application" link on the dashboard, choosing the relevant loan application in the drop-down menu.
Application Fees
Up to ₹25,00,000/- in loan: application fee of ₹100/-.
Above ₹25,00,000/- in loan: application fee of ₹200/-.
Grievance Redressal / Help & Support
Address: Managing Director, Pondicherry Industrial Promotion Development and Investment Corporation Limited, No.60, Romain Rolland Street, Puducherry 605001.
Office phone: 0413-2334361.
Email ID: info@pipdic.com.
General Manager (Administration), mobile: 9894653835.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.