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Latest News & Events

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.

– click here for Details of the CORUS Scheme & Eligibility
– click here for Checking your Eligibility
– click here for Applying Online
– click here for Downloading Application Form

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.

NEED Scheme

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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