FINANCIAL ASSISTANCE SCHEMES OFFERED BY TAMILNADU INDUSTRIAL INVESTMENT CORPORATION (TIIC) - TERMS AND CONDITIONS.

S.No. Scheme Margin Money Term Loan Collateral Security Rate of Interest Repayment Period
1 General Scheme
subsidy area
Non- subsidy area

35 %
25%

75%
65%
50 % of Loan 16.00 % 7 years
2 Transport Scheme 15% 85% 50 % of Loan 13.5 % upto Rs 2 lakhs & 16 % for above this 56 months
3 Hotel (to promote tourism) 35% 65% 50 % of Loan 16 % 7 Years
4 Single Window Scheme 25% T.L & WC depending on turnover 50 % of TL 100 % of WC L 16 % T L 7 years
WC 5 years
5 National Equity Fund Scheme 10% TL 65 % S L 25 % Or Rs. 2.5 lakhs 50 % of TL & SL T .L 16 % - S L 1% . T L - 7 year
S L- 5 years
6 Storage godown 35% 65 % 50 % of loan 16 % 5 years
7 Technology Development and Modernisation 20% 80 % 50 % 13 % 5 years
8 Computer Training Centre 35% 65 % minmum Rs.15 lakhs 100 % of loan 16 % 3 years
9 Generator Subsidy Scheme 25% T L 60 % Subsidy 15% 50 % of loan 16 % 6 years
10 Mahila Udayam Nidhi Scheme 10% T L 65 % S L 25% or Rs.2.5 lakhs 50 % of TL and S L TL 16 % S L 1% 7 years

  • TL = Term Loan
  • SL = Soft Loan
  • WC = Working Capital