Name of the Organisation : The Tamilnadu Industrial Investment Corporation Ltd, Chennai
Type of facility : Loan Mela at Sivakasi, Kakkalur [24.06.2013]
Company Web Page : http://www.tiic.org
Location : Chennai

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Loan Mela - Sivakasi 2013
Date : 26.06.2013
Location : Rajapalyam Taluk
Time : 10.00 A.M to 4.00 P.M

Loan Mela - Kakkalur 2013
Date : 26.06.2013
Location : Central Electrical Testing Laboratory, Kakkalur - 602 003
Time : 3.00 P.M to 5.00 P.M

Loan Facility at :
1. Industry
2. Vechicles
3. Hospital
4. Hostel, Etc..

General Term Loan Scheme :
1. The Scheme: The scheme is intended to provide financial assistance for new project or to expand / modernise / diversify the existing project..

2. Eligibility: All small scale / medium / large scale industries and service sector units are eligible for financial assistance. Proprietary concern, Partnership concern, Private Limited Company and Public Limited Company are eligible for financial assistance.

3. Purpose: The loan shall be considered for purchase of land, construction of building and purchase of machinery / equipments, electricals, etc.

4. Debt Equity Ratio: The DER shall be 3 : 1 for loans upto Rs.10 lakhs and 2:1 for loans above Rs.10 lakhs.

5. Repayment period: The term loan will be repayable over a period not exceeding 10 years including an initial moratorium of not more than 2 years. The principal installments are payable on monthly basis and interest is payable on monthly rest.

Contact Us :
The Tamilnadu Industrial Investment Corporation Ltd,
692, Anna Salai, Nandanam,
Chennai - 600035.
Tamilnadu, India.