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

EFS – Fast Track


Objective To cover the well established Micro, Small, Medium and Large Industrial Concerns with sound performance records for acquisition of plant and machinery (both indigenous and imported) for expansion / diversification / modernization / replacement of existing machinery etc.

MSME and large enterprises, assisted and non-assisted units, which are in standard category with TIIC / bank / respective financial institutions continuously for the last three financial years complying the following are eligible for financial assistance.

  1. Unit should be in operation for atleast 3 completed financial years.
  2.  The unit should have earned net profits for last 3 years without any accumulated losses.
Purpose To  Facilitate purchase of capital equipment quickly
Loan Limit Minimum – Rs.10 Lakhs
Maximum – 3 times the turnover of latest audited FY (or) 90% of Machinery Cost (or) Rs.200.00 lakhs whichever is lower
Promoters Contribution 10% 
Nil in case of standard / approved / duly verified supplier
Debt Equity Ratio 2.50 : 1.00
Repayment Period 36 to 60 months with 6 months moratorium
Collateral Security         25% – Collateral property (or) 30%  – Security Deposit.