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Revised Classification of MSMEs applicable with effect from 1 July 2020
For more details, please click here
Digital adoption is key for small and medium businesses to survive
Interest subvention for MSMEs: Govt. to include Co-operative Banks as Eligible Lending Institutions
Centre agrees to waive interest on interest during moratorium for individual, MSME loans up to Rs.2 crore
MSME ministry asks corporates to clear dues of small units on priority
Construction and manufacturing could be our growth propellants
CORUS – Covid Relief and Upliftment Scheme
Dear Customers, to provide helping hand to our assisted units to face the prevailing challenge against Covid 19, TIIC has formulated a special package COVID Relief and Upliftment Scheme (CORUS) to ease the fund flow to meet emergent fund requirements for expenses related to capital expenditure and working capital needs.
Moratorium till 31.08.2020
Dear Customers, to ease out your financial stress caused by COVID-19, TIIC offers you a choice to continue to make payments towards your loan or opt for a moratorium till 31-08-2020 as announced by Reserve Bank of India. Please click here to opt your choice for moratorium.
Business Boost Campaign
TIIC Presents “Business Boost Campaign(BBC) with 6% Interest Subvention” from 20.01.2020 to 31.01.2020. For applications received during this period, 50% concession in processing fee will be given. Contact the nearest Branch for further details.
Assistance to Entrepreneurs
TIIC through its various schemes provides entrepreneur loans for business in Tamil Nadu. It provides short term business loans to meet your working capital requirements. It also provides small business loans to facilitate MSME industries in the State.
The NEEDS Scheme is promoted by the Directorate of Industries and Commerce, Government of Tamil Nadu for providing opportunities for young / new educated entrepreneur with subsidy and support for starting a new venture. The scheme mainly target educated youth with any Degree, Diploma, ITI / Vocational Training from recognized Institutions.TIIC, the ideal destination for business loans in Tami Nadu , also acts as the nodal agency for Government Subsidies for customers availing loan for business.
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