1. Purchase of equipments / machinery including tools, figs, fixtures, energy saving equipments, generator etc (New indigenous and imported new and second hand imported machinery for expansion and modernisation).
2. Construction of additional building subject to a maximum of 25% of the proposed project cost of the scheme on condition that the land on which building is proposed to be constructed is already mortgaged to TIIC or should be mortgaged before availing the loan.

1. Units should have paid a minimum of 12 quarterly instalments or 36 monthly instalments and in standard category continuously for the past three years.
2. Units which have earned cash profit continuously for the last 3 completed financial years.
3. Net worth should be positive continuously for the last 3 completed financial years.
4. The unit should have been in existence for 3 years after commencing its operations.

• Liberalization of funds locked up in fixed asset; their availability to meet planned / unexpected business needs.

b) For the Corporation

• An additionality to its product span, to the comprehensiveness of credit support to its clients;
• A new avenue for the deployment of its funds;
• Help for its business growth, operational performance;
• Market orientation: with the product already being in the market, to help the corporation’s combative position.

1. Start up should have Regd. Office in Tamilnadu.
2. Shall be registered with renowned startup incubators.
3. Registered with startup TN (TANSIM) and should be established 2 years ago.
4. Must have a business idea to develop a product.
5. Should be recommended by renowned startup incubators.
6. The promoter should be a graduate in any field of Engineering / Science with minimum 3 years of work experience.
7. CIBIL score should be 650 and above.

1. Start up should have Regd. Office in Tamilnadu.
2. Shall be registered with renowned startup incubators.
3. Registered with startup TN (TANSIM) and should be established 2 years ago.
4. Must have a business idea to develop a product.
5. Should be recommended by renowned startup incubators.
6. The promoter should be a graduate in any field of Engineering / Science with minimum 3 years of work experience.
7. CIBIL score should be 650 and above.

• Construction of facility for production upto 25% of the project cost.
• Office equipments like computers / printer / router not exceeding 10% of project cost.
• Tools / equipments / testing equipments / electrical.
• Purchase of required Software / Hardware suitable to the activity chosen.

2)   Expenses for registration / purchase of patent / license etc., upto a maximum of Rs.1.00 lakh.
3)   Research and Development expenses not exceeding 15% of the project cost.
4)   Pre-operative expenditures
Land should be either owned or leased premises.  No funding for land will be considered.

• Loans upto Rs.50.00 lakhs shall be covered under the Credit Guarantee Scheme of CGTMSE.
• 35% collateral for loans above Rs.50.00 lakhs and upto Rs.1.00 crore.
• 100% for Working Capital Term Loan component.

The promoter has to take effective steps for implementation of project within one year from the date of disbursement for land.

If the promoter approaches TIIC for loans for further implementation within 1 year, the cost of plot shall be added in the project cost & security for disbursement purpose in regular sanction and the outstanding interim loan shall be adjusted at the time of I Disbursement. After that, the regular term loan shall be disbursed for building, machinery etc.

If the promoter approaches any other bank for regular sanction or he does not take effective steps for regular sanction as stated above, the interim loan has to be settled by the other banker or promoter respectively. Otherwise, the plot shall be taken possession by TIIC and surrendered to SIDCO/SIPCOT for getting the refund of our interim loan.