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

Entrepreneur Development Scheme

Purpose For encouraging entrepreneurship amongst persons from economically and socially disadvantaged backgrounds who wish to promote their own enterprise.
Eligibility

a. Persons without any asset back up but having relevant qualifications and experience for implementing viable project.

b. Existing small units requiring assistance for additional machinery / needs additional working capital

Maximum Loan Limit Individual Unit  – Rs.Rs.5.00 lakhs or 30 times on the net salary of the two guarantors
Promoter’s Contribution 10%
Repayment Maximum 60 months including a maximum moratorium period of 6 months.
Collateral Security requirement

Third party guarantee shall be obtained as under :

  • For loans upto Rs.2.00 lakhs – from one person
  • For loans above Rs.2.00 lakhs – from two persons
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