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Pondicherry Industrial Promotion Development and Investment Corporation

( A Government of Puducherry Undertaking )

PAYMENT DETAILS
Amount payable to PIPDIC may be paid through NEFT / RTGS as indicated below:

Bank’s Name : CANARA BANK
Branch : Muthialpet Branch, 45, NSC Bose Road, Puducherry 605001.
IFSC : CNRB0000927
Account Number : 0927201002042

Customer are requested to mention the Party name and purpose of payment while making payment towards NEFT / RTGS. (GST NO. : 34AADCP0446M1ZE)

TERMS & CONDITIONS FOR ONLINE PAYMENTS TO BE MADE TO PIPDIC LTD
General Reservation Policies & Other Related Issues for
Ex-Serviceman
Liaison Officer :
Thiru A. Sureshraj,
General Manager (Administration)
Contact No.: 96260 94844.
Nodal Officer – Ease of Doing Business State Reforms Action Plan 20-21
Help Desk – Grievance Cell :
Land Allotment: Thiru M.A. KADAR,
Manager (Technical)
Contact No.: 95970 27572
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Loan Sanction: Thiru S. NADANARADJAN,
Senior Manager (Technical)
Contact No.: 99945 15703
Virtual Open House Hearing of Public Grievance
Land Allotment: Thiru M.A. KADAR, Manager (Technical)
Contact No.: 95970 27572
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Loan Sanction: Thiru S. NADANARADJAN, Senior Manager (Technical)
Contact No.: 99945 15703
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The Managing Director, PIPDIC LTD., Puducherry
Contact No.: 0413 2334361

Between 04.00 pm to 05.00 pm on Working days.

Particulars of Organisation, Functions and Duties

The Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC) was set up by the Government of Puducherry in 1974 with the twin objective of promoting the Industrial Development of Puducherry and providing financial assistance to entrepreneurs. It is a limited company with an authorized share capital of Rs.45 crores. PIPDIC provides various facilities such as Term loans, Equity participations / Underwriting of Capital issues, Hire Purchase and Lease Financing, IT & Electronic Parks/Growth Centre/Industrial Estates.

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Simplified procedures to get financial assistance from PIPDIC are follows:

Application forms have been simplified and being issued

Panel of Advocates have been appointed for getting legal opinion for speedy legal clearance

Panel of Valuers/Chartered Engineers have been appointed for Valuation of properties to be mortgaged.

Exempted in furnishing registered lease deed for work premises in respect of loans upto Rs.25.00 lakhs and instead an un-registered lease deed is accepted .

For loans upto Rs.25.00 lakhs the promoter’s contribution has been reduced from 33.33% to 25%.

Separate Entrepreneur Guidence Cell has been set up for guiding the entrepreneurs in all respect.

Financial assistance under merit loan scheme to Good Borrowers of the Corporation is being extended with concessional rate of interest on fast track basis.

Interest rebate for prompt payment increased from 1% to 2%.