19 hours ago
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The Tamil Nadu Industrial Investment Corporation (TIIC) is conducting a peculiar concern run for micro, small, and mean (MSME) enterprises till June 30.
In a release, District Collector L. Madhubalan said that TIIC is simply a Tamil Nadu Government State Finance Corporation, founded successful 1949. TIIC has been a pioneer successful manufacture improvement by providing fiscal assistance for galore industries/service-related units with the enactment of the State government.
TIIC is providing fiscal assistance to micro, small, and mean enterprises/service sectors nether assorted peculiar schemes to acceptable up caller industries/service-oriented units for the intent of caller constitution /expansion of existing units and diversifying their products.
The TIIC, Salem Branch Office, functioning astatine Swarnapuri successful Salem, conducts a peculiar concern run for MSME enterprises from June 1 to June 30.
A elaborate presumption connected the peculiar features of assorted schemes of TIIC, including indebtedness assistance nether the Annal Ambedkar Business Champions Scheme, the NEED strategy for exclusively first-generation entrepreneurs, and a 25% State subsidy taxable to a maximum of ₹1.50 crore for eligible categories, too a 5% Back Ended Interest Subsidy (BEIS) for exertion upgradation/modernization by existing MSMEs, volition beryllium fixed astatine this Special Business Campaign.
Loan applications submitted during this run volition beryllium fixed a 100% discount connected the probe fee. Existing/new entrepreneurs are requested to instrumentality vantage of this accidental and attack with concern plans and avail indebtedness and concern subsidies/interest subvention grants from the authorities of Tamil Nadu. Interested radical shall interaction 94443- 96850, the Collector added.
