Tamilnadu Industrial Investment Corporation Ltd. [TIIC] is a premier State Financial Corporation established in the year 1949. TIIC fosters industrial development in Tamil Nadu by providing financial assistance to industries for purchase of land, machinery and construction of buildings. TIIC provides financial assistance at competitive interest rates for setting up of new industrial units and for expansion / modernization / diversification of existing industries in Tamil Nadu. It also offers loan for service sector projects such as hotels, hospitals and tourism related projects.

TIIC having its Head Office at Nandam Chennai, working with a wide network of 25 Branch Offices and 6 Regional Offices.

For more details in this regard kindly visit https://msme.gov.in/

All MSME concerns shall register for  “Udyam Registration” from https://udyamregistration.gov.in/

Yes. Normally, Customers are requested to apply in the concerned Branch Office of the particular District. However, for the convenience in operation of the loan account by the customer, subject to the approval of the competent authority, the loan may be applied in other Branches too.

TIIC is a premier State Financial Corporation with more than 73 years of expertise in MSME lending and a Government of  Tamil Nadu undertaking entity. All the processes are transparent and reliable. Also TIIC is a nodal agency for disbursement of various State/Central Governement’s Incentives. Hence, it will be a one stop solution for the entrepreneur who seeks loan.

You can submit your loan enquiry through Loan Enquiry tab of our website/ mobile application. Also you can contact the concerned Branch Office.

Basically, TIIC offers Term Loan under various schemes, mainly for purchase of Land, Plant & machinery, construction of buildings and creation of current assets . For more details kindly visit our schemes page

Even though the main activity of TIIC is to provide financial assistance to the entrepreneurs, it also provides hand holding support to the entrepreneurs.

The prospective entrepreneur who intends to avail loan from TIIC may apply online/submit duly filled application in Branch Office along with the registration/processing fee and particulars listed in the checklist. The respective Branch will process the loan application as per the prevailing guidelines of the Corporation.

TIIC extends loan from Rs.5 Lakh to Rs.30 Crore.

The documents required along with the application vary as per the customer profile and scheme. However some of the basic documents required are Financial results and ITR for the last 3 years, Quotations for Machinery proposed to purchase, Collateral property documents etc. For more details kindly go through the Application process tab

TIIC ensures fullest satisfaction to their customers and welcomes feedback and suggestions. In order to provide feedback/suggestions, kindly visit feedback tab in the home page

Generally, we do not accept rural/agricultural properties as collateral security, except in cases where the properties offered as collateral security are highly marketable.

Yes. Property located outside Tamil Nadu can be accepted as collateral security, in case the entrepreneur hails from States other than Tamil Nadu and does not have any property to offer in Tamil Nadu. The property should be within the urban municipal areas of other States. Acceptance of such property as collateral security is subject to the approval of the competent authority of the Corporation.

Projects set up in the Union Territory of  Pondicherry can be taken up for consideration subject to NOC from PIPDIC.

TIIC considers both Term Loan and Working Capital facility to new units under the special scheme viz. Single Window Scheme.

TIIC provides only Working Capital Term Loan assistance for working capital requirements where the principal to be repaid alongwith the interest on monthly basis.

Yes. We are operating the Working Capital Term Loan scheme for financing of working capital requirement of the existing non assisted units of TIIC, satisfying our eligibility criteria.

Second Hand Machinery as under will be considered for financing by TIIC.
i.Machinery indigenously manufactured by Standard Companies and used locally.
ii.Machinery imported as new from foreign manufacturers and used locally.
iii.Second Hand Machinery, imported directly. Machinery should have a residual life of at least 10 years and same should be certified by a Chartered Engineer

Yes. The application can be tracked through the Track Your Application option in the home page which will provide the real time status of your application