TIIC begins month-long ‘Special Business Campaign' for giving subsidised loans to entrepreneurs
The 76-year-old Tamil Nadu Industrial Investment Corporation (TIIC), a State finance corporation, organises 'Special Business Campaign' between June 2 and 30 for helping financially the entrepreneurs aspiring to start their manufacturing or service industries.
The TIIC, founded in 1949, finances micro, small and medium enterprises and has been a pioneer in the development of industries by providing financial assistance to numerous manufacturing and service related units with the support of the State Government. TIIC is providing financial assistance to micro, small and medium manufacturing and service enterprises under various special schemes for establishment and the expansion of existing units and diversification.
The TIIC's Tirunelveli Branch Office is located at 5C/5B, Hotel Sakunthala Shopping Complex, Second Floor, Thiruvananthapuram Road, Vannarpettai.
Detailed presentation on the special features of various schemes of TIIC including loan assistance under NEEDS (New Entrepreneur-cum-Enterprise Development Scheme) exclusively meant for first generation entrepreneurs, Annal Ambedkar Business Champions Scheme, 25% State Capital Subsidy subject to a maximum of ₹1.50 crore for eligible categories besides 5% back-ended interest subsidy for technology upgradation or modernization of existing MSMEs s and other schemes will be given at this Special Business Campaign.
Loan application submitted during this special initiative will be given a 100% waiver on the 'Investigation Fees'. Aspirants may approach with business plans and avail loan and subsidies and the interest subvention grants from Government of Tamil Nadu.
For more details aspiring entrepreneurs may contact 0462 – 2502038 or 9444396830, 9444396881, 9445023459, an official statement said.
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