Financial Assistance for Setting Up of Cold Storage
By Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC)
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Quick Answer
Term loan from ₹2.5 crore from PIPDIC for setting up cold storage in Puducherry, repayable over 8 years with a 2-year moratorium.
- Funding amount
- ₹2.5Cr+
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Puducherry
About this loan
Cold storage developers in Puducherry can get a term loan from ₹2.5 crore. The loan comes from the Pondicherry Industrial Promotion Development and Investment Corporation Limited (PIPDIC), with the Department of Industries & Commerce, Puducherry. The maximum follows the standard term loan policies. You repay over 8 years, including a 2-year moratorium before repayment begins.
Proprietary and partnership concerns, public and private limited companies, co-operative societies, market committees, boards and agro industries corporations can apply. The money is for setting up cold storage facilities for perishable goods. Applications are made entirely online.
Eligibility
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Grant providers
Provider
Pondicherry Industrial Promotion Development and Investment Corporation (PIPDIC)Puducherry · Puducherry · India
Benefits & Funding
- Amount
- ₹2.5Cr+
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The scheme offers substantial financial assistance in the form of term loans, starting from a minimum of ₹2.5 crore (₹25,000,000), with the maximum amount determined by the standard term loan policies applicable to such loans. This capital is specifically earmarked for the establishment of vital cold storage facilities, supporting businesses in building essential infrastructure. The loan features an attractive repayment structure, allowing for an 8-year repayment period which includes a generous 2-year moratorium, providing crucial breathing room for new projects to stabilize before repayment begins. This financial support is designed to mitigate the initial financial burden and promote long-term sustainability for cold chain development in the region.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
Applications are submitted online and undergo an initial review process by PIPDIC. While specific selection criteria are not detailed, applications will likely be evaluated based on the viability of the proposed cold storage project, the applicant's financial standing, adherence to all scheme guidelines, and the completeness of submitted documentation. Shortlisted applicants may undergo further due diligence or verification processes before final approval and sanction of the loan.
Application Process
- 1
Register & Create Profile
Create an account on the PIPDIC website, verify your email, and complete your profile with all required details.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the minimum loan amount available under this scheme?
The minimum loan amount offered under the Financial Assistance for Setting Up of Cold Storage scheme is ₹2.5 crore (₹25,000,000). The maximum amount will be determined based on the standard terms and conditions applicable to term loans provided by PIPDIC.
What is the primary purpose of this financial assistance?
The loan is specifically intended to provide financial support for the establishment and development of new cold storage facilities. This aims to enhance cold chain infrastructure and support agro-industrial growth in Puducherry.
What are the repayment terms for the loan?
The loan comes with a total repayment period of 8 years (96 months). This includes a significant moratorium period of 2 years (24 months), during which principal repayments are not required, allowing projects to achieve stability.
Which types of entities are eligible to apply for this scheme?
The scheme is open to a broad range of entities including Proprietary Concerns, Partnership Concerns, Public Limited Companies, Private Limited Companies, Co-operative Societies, Market Committees, Boards, and Agro Industries Corporations operating within Puducherry.
How do I apply for the Financial Assistance for Setting Up of Cold Storage scheme?
Applications for this scheme are accepted exclusively online through the PIPDIC website. The process involves creating a customer account, verifying your email, updating your profile, accessing and completing the multi-step loan application form, uploading necessary documents, and finally paying an application fee.
What are the application fees for this scheme?
For loan applications up to ₹25,00,000/-, the application fee is ₹100/-. For loan amounts exceeding ₹25,00,000/-, the application fee is ₹200/-.
Sources
Data on this page is compiled from official program and provider references.
