Working Capital Term Loan For Manufacturing Sector Including Rice Mills

Government of Tamil Nadu had launched the scheme of working capital term loan for manufacturing sector including rice mills.The maximum quantum of assistance is Rs 150 lakhs per unit.

Objectives:

• To provide the loan for financial assistance to the assisted and non assisted unit including rice mills.
• Development of the rice mills.

Eligibility:

• The unit should be in standard assets category of TIIC/bank for the last 2 years.
• The net worth of the unit should be positive.
• The unit should be in existence and they should have earned cash profit from the last 2 years.
• Promoter’s contribution should be at least 25%

Benefits:

• They get 42 months to return the money in monthly equal installment.
• It improves the production capacity of rice industry.
• Development of the market share of the units.
• Provide loan at low interest.

How to Avail:

People can contact:

The Tamil Nadu Industrial Investment Corporation Limited, 692, Anna Salai, Nandanam, Chennai-600035, Tamil Nadu, India.

Contact no-+91-044-24306100/ +91-044-24331203

For more details click here