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

Scheme for Commercial Complex / Convention centre / Community Hall / Marriage Hall

 

Eligibility
  • Proprietary / Partnership / P.Ltd. / Public Ltd.
  • Can be considered in all areas without any restriction.
Purpose Construction of building with all essential equipment required for the project.

Quantum

(Maximum)

Proprietary / Partnership   : Rs.500 Lakh

Limited Company              : Rs.1000 Lakh

Promoter’s Contribution 35% (minimum)
Debt Equity Ratio 2.00 : 1.00
Repayment 8 years including moratorium of 2 years.
Collateral Security

Collateral shall cover 50% to 100% of loan depending upon the project size, location and other financial norms.

 

The value of primary land where the building is constructed will not be considered for collateral security compliance.  It will be treated as primary security for the project.

Others
  • Financial assistance will not be extended for purchase of land.
  • If commercial complex is built for sale in parts, it will be sanctioned only at Head Office. In this case, the repayment will be 4 years.
Font Resize
Contrast