The Tamilnadu Industrial Investment Corporation Ltd
(A Government Of Tamil Nadu Undertaking)
Funding Success...

BILL FINANCE SCHEME FOR SERVICE PROVIDERS OF TNPL

 

Objective 

The scheme aims at offering BFS facility to service providers including registered logistics/ Transport contractors of TNPL for execution of work order of TNPL.

Eligibility

All the service providers located in Tamilnadu who are registered with TNPL for rendering service including the transport of material/ execution of work. The service providers may be proprietary/ partnership/ Limited company.

Sanction Limit

Three times the monthly average of bills raised on TNPL during the last financial year/ Current financial year whichever is less subject to a maximum of Rs.200.00 lakh per service provider per annum.

Drawal Limit

90% of the net amount of individual bills. The loan outstanding shall not exceed the BFS limit sanctioned to the unit.

Credit Period

120 days.

Security

  1. Post dated cheques will be given for each disbursement.
  2. Personal guarantee of the promoter/ husband or father of lady promoter shall be obtained.
  3. In case of Limited Companies, necessary charge has to be created with ROC.

BILL FINANCE SCHEME FOR VENDORS OF TNPL

 

Objective 

The scheme aims at offering BFS facility to vendors of TNPL for supply of materials against purchase orders.  

Eligibility

All the MSME and non-manufacturing units located in Tamilnadu and who are registered vendors of TNPL.  The vendors may be proprietary / Partnership / Limited company.

Sanction Limit

The BFS limit for a vendor will be fixed as three times the monthly average of bills raised on TNPL during the last financial year / current financial year whichever is higher subject to a maximum of Rs. 1.00 crore per vendor per annum.

Drawal Limit, Credit period & Security

As above.

 

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