The Tamil Nadu Industrial Investment Corporation Limited (TIIC) (), is an institution owned by the government of Tamil Nadu and is intended as a catalyst for the development of small, medium and large scale industries in Tamil Nadu. It was established in 1949.
History The Tamil Nadu Industrial Investment Corporation Limited (TIIC), is a government company incorporated under the Indian Companies Act 1913 and continues to be a government company under the Companies Act, 1956. The authorized share capital of the company is ₹300 crores and the paid-up capital of the company is ₹283.4956 crores
Functions TIIC as a State Level Financial Institution, offers long and medium-term financial assistance to various industries including the service sector in the following forms: Term Loans Term Loan and Working Capital Term Loans under the Single Window Scheme. Special types of assistance like Bill Financing Scheme, etc.
References
External links Official Website of the Tamil Nadu Industrial Investment Corporation Limited