Tamil Nadu Industrial Investment Corporation Limited
| Headquarters | 692, Anna Salai, Nandanam, Chennai - 600035, Tamil Nadu, India [1] |
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Key people
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Thiru Swaran Singh, I.A.S., Principal Secretary, Chairman & Managing Director for TIIC [2] |
| Owner | Government of Tamil Nadu |
| Website | www.tiic.org |
The Tamil Nadu Industrial Investment Corporation Limited (TIIC)(Tamil: தமிழ்நாடு தொழில் முதலீட்டுக் கழகம்), Limited is an institution owned by the government of Tamil Nadu and is intended as a catalyst for the development of small, medium and large scale industries in Tamil Nadu. It was established in 1949.
Contents
History
The Tamil Nadu Industrial Investment Corporation Limited (TIIC), a government company incorporated under the Companies Act 1913 and continues to be a government company under The Companies Act, 1956. The authorised share capital of the company is Rs.300 Crores and the paid up capital of the company is Rs.283.4956 Crores [3]
Functions
TIIC as a State Level Financial Institution, offers long and medium term financial assistance to various industries including service sector in the following forms:
- Term Loans
- Term Loan and Working Capital Term Loans under the Single Window Scheme.
- Special types of assistance like Bill Financing Scheme, etc.
References
External links
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