The Tamilnadu Industrial Investment Corporation Ltd
(A Government Of Tamil Nadu Undertaking)
The Growth Catalyst



Financing MSME vendors or contractors of TNEB/ TWAD/ /CMWSSB /GCC.


i.   All the MSME and non-manufacturing units located in Tamil Nadu and who are registered as contractors/suppliers with TANGEDCO/TANTRANSCO/GCC/CMWSSB/TWAD.

ii.  The contractors may be Proprietary / Partnership including Limited Liability Partnership (LLP)/Limited Company including One Person Company.

iii.         Copy of the latest income tax & GST registration certificate of the contractor wherever applicable shall be obtained.

Sanction Limit

The limit shall be fixed based on the higher of (a) or (b) as follow restricted to the applied limit:

a.    125% of the existing turnover (last financial year—one completed financial year with Auditor certificate) on works executed for TANGEDCO/TANTRANSCO/ GCC/ CMWSSB.


b.    50% of the Purchase Orders/Work orders on hand.

Drawal Limit

85% of individual bill amount only or as per the scheme whichever is lower.

Credit Period

Maximum credit period: 240 days for each bill.


a)   The loan will be secured by postdated cheques given by the unit.  The amount of postdated cheques will be the amount disbursed for each bill together with interest from the date of disbursement to the date of postdated cheque i.e.240 days from the date of disbursement.

b)   The loan will be secured by the personal guarantee of proprietor/ partner/directors of the unit.

c)   In case of Limited Companies, necessary charge has to be created with ROC.