Cold Storage Loan Scheme PIPDIC Puducherry
Overview
The Puducherry Industrial Promotion Development and Investment Corporation (PIPDIC) provides financial assistance to entrepreneurs and businesses who want to set up cold storage facilities in Puducherry. The scheme supports investment in cold chain infrastructure that benefits agriculture, horticulture, fisheries, and food processing sectors.
Objective
The scheme aims to develop cold storage capacity in Puducherry to reduce post-harvest losses and support the food supply chain. It encourages private investment in cold chain infrastructure that benefits farmers, traders, and consumers alike.
Benefits
- Loans for constructing or equipping cold storage units
- Competitive interest rates and structured repayment plans
- Supports development of agri-business and food processing industries
- Creates employment and improves income for farmers through better storage options
Eligibility
- Applicant must be an entrepreneur, company, or cooperative registered in Puducherry
- Must have land or premises available for setting up cold storage
- Should have a viable business plan for cold storage operations
- Must meet PIPDIC’s financial assessment criteria
Exclusions
- Applicants without a registered business in Puducherry are not eligible
- Projects outside the Puducherry territory are excluded
- Individuals with existing loan defaults with PIPDIC may not qualify
- Domestic-use cold storage units are not covered
Application Process
- Visit the PIPDIC office with a detailed project report for the cold storage facility
- Fill out the financial assistance application form
- Submit all required documents along with the application
- PIPDIC reviews the project feasibility and financial standing
- Loan is sanctioned and disbursed after approval
Documents Required
- Business registration certificate
- Project report for the cold storage facility
- Land ownership documents or lease agreement for the site
- Identity proof of the promoter or directors
- Audited financial statements
- Bank account details
- Quotations for construction and equipment costs
