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


Flexi Working Capital Term Loan Scheme


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.
Loan Limit Maximum:   Rs.400.00 lakh per unit.
Promoter’s Contribution 25% of the working capital assessment.
Debt Equity Ratio 2 : 1
Repayment The borrower has an option to repay the loan after one year without any repayment of principal during the one year tenure.  After one year from the date of sanction, this Flexi Working Capital Term Loan facility may be renewed based on reappraisal by way of assessing the performance and eligibility arrived or the concern may decide to repay the loan in 30 installments without holiday period.
Collateral Security

Assisted  & Non-assisted units of TIIC without any bank finance – 125%

Assisted and Non-assisted units of TIIC with Bank finance – 150%