Tamil Nadu Industrial Investment Corporation Limited
From Wikipedia, the free encyclopedia
| Headquarters | 692, Anna Salai, Nandanam, Chennai - 600035, Tamil Nadu, India[1] |
|---|---|
Key people | Thiru Hans Raj Verma, IAS, Chairman and Managing Director of TIIC |
| Owner | Government of Tamil Nadu |
| Website | www.tiic.org |
The Tamil Nadu Industrial Investment Corporation Limited (TIIC) (Tamil: தமிழ்நாடு தொழில் முதலீட்டுக் கழகம்), 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.
The Tamil Nadu Industrial Investment Corporation Limited (TIIC), is a government company incorporated under the Indian Companies Act 1913 and continues to be a government company under the Companies Act, 1956. The authorized share capital of the company is ₹300 crores and the paid-up capital of the company is ₹283.4956 crores [2]
Functions
TIIC as a State Level Financial Institution, offers long and medium-term financial assistance to various industries including the 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.[3]
References
- ↑ "Location of Company". tn.gov.in. Archived from the original on 9 November 2012. Retrieved 30 October 2012.
- ↑ "History of Company" (PDF). tn.gov.in. Archived from the original (PDF) on 10 October 2017. Retrieved 30 October 2012.
- ↑ "Functions of Company" (PDF). tn.gov.in. Retrieved 30 October 2012.
External links
 | This Tamil Nadu related article is a stub. You can help Wikipedia by expanding it. |