Working Capital Term Loan Scheme For Exclusive Job Work Units

The government of Tamil Nadu had launched the scheme for exclusive job work unit to provide financial assistance to them. It is a loan scheme and it can be returned within 42 months. The quantum of loan starts from Rs 10 lakhs up to 50 lakhs. Promoter’s contribution should not be less than 25%.

Objectives:

• To provide financial assistance to the working class unit.
• Provide loan in 13.75 rate of interest.
• Help them to develop their job work.

Eligibility:

• The unit should be in the standard assets category of TIIC/Banks for last two years.
• The unit should have earned cash profit for the last two financial years.
• Units set up with own funds are also eligible only when they approach for both term loan and WCTL.

Benefits:

• It helps the job work unit by providing financial assistance.

Beneficiaries:

• Small unit.

How to Avail:

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