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

 

Flexi Working Capital Term Loan Scheme

Objective

Short term business loan intended to extend financial assistance to assisted and non assisted units in Manufacturing & Processing sectors including Rice Mill Units to meet their working capital / additional working capital requirements.

Eligibility Norms
  • The unit should be in existence and in operation for the past two financial years.
  • Unit should have earned cash profit for the last two financial years.
  • The net worth of the units should be positive.
  • The units assisted by the Corporation shall be in standard asset category for the last two financial years.
  • Units which are having loans with the other Bank / FI’s should be in standard category with the respective institutions for the last two financial years.
Quantum of Assistance Maximum:   Rs.200.00 lakh per unit.
Promoter’s Contribution 25% of the working capital assessment.
Debt Equity Ratio 2 : 1
Repayment 42 months including a moratorium of 6 months (for first time assistance only).  For subsequent assistance moratorium period shall not be given.
Quantum of Collateral Security Category of Units % of Collateral
Assisted  & Non-assisted units of TIIC without any bank finance 125%
Assisted and Non-assisted units of TIIC with Bank finance 150%
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