Tamil Nadu Industrial Investment Corporation Ltd. [TIIC] is a premier State Financial Corporation established in the year 1949. TIIC fosters industrial development in Tamil Nadu by providing financial assistance to industries for purchase of land, machinery and construction of buildings. TIIC provides financial assistance at competitive interest rates for setting up of new industrial units and for expansion / modernisation / diversification of existing industries in Tamil Nadu. It also offers loan for service sector projects such as hotels, hospitals and tourism related projects.
While TIIC provides assistance to micro, small, medium and large enterprises, about 90% of the assistance goes to the micro, small and medium enterprises [MSME] sector. Of this, about 40% goes to first generation entrepreneurs. Thus, TIIC acts as a catalyst for industrial promotion within the State by creating a new generation of entrepreneurs.
Registration of Application
1. Application form: The entrepreneurs shall apply in the prescribed application form obtained from Head Office or Branch Offices of the Corporation on free of cost together with the particulars required for the processing of the Application. It can also be downloaded from our website http://www.tiic.in/appln_download.html
2. Registration Fees: The applicant has to remit Registration Fees at the time registration of the application. The Registration Fee is Rs.5,000/- for loans to be considered by Branch Sanction Committee. In respect of loans to be considered by Head Office, the Registration Fees is Rs.25,000/-.
3. Investigation Fees : The Investigation fees is inclusive of Registration Fees and is payable by the applicant before the loan proposal is placed in the respective sanction committee.
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