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

EFS – Fast Track

 

Purpose

To  Facilitate purchase of capital equipment quickly

Eligibility 

i) Unit should be in operation for atleast 5 years. ii) The unit should have net profit for last 3 years. iii)CMR should be 5 and below & CIBIL score of promoters should be  650 and above.

Amount of Assistance

Rs. 10 lakhs  to Rs. 100 lakhs   restricted to 3 times of  turnover

Promoters Contribution/ DER

10% / 2.50 : 1.00

Repayment Period

60 months with 6 months moratorium

Collateral Security        

25% – Collateral property (or) 20%  – Security Deposit.

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