Special loan mela for MSMEs from June 1; investment subsidy up to ₹1.50 crore available
A special loan mela for micro, small, and medium enterprises (MSMEs) will be held from June 1 by the Tamil Nadu Industries Investment Corporation (TIIC). The initiative aims to support existing businesses and encourage new ventures with investment subsidies up to ₹1.50 crore. Entrepreneurs can submit project proposals and receive information on financial assistance during this month-long event.
- ▪The loan mela is organized by the Tamil Nadu Industries Investment Corporation (TIIC) starting June 1.
- ▪Investment subsidies of up to ₹1.50 crore will be available for MSMEs.
- ▪Participants can also benefit from various interest subsidies and a waiver of inspection fees.
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The district administration is organising a month-long special loan mela through Tamil Nadu Industries Investment Corporation (TIIC) from June 1 onwards to invigorate existing micro, small and medium enterprises and start new ventures as well.According to District Collector R. Sukumar, the 77-year-old TIIC finances through the banks for establishing new MSMEs and for expansion of existing units for capacity addition and diversification.Since the TIIC has proposed to organise month-long special loan disbursal camp from June 1, entrepreneurs and those who intend to start their manufacturing units may visit TIIC at 5C / 5B, Second Floor, Shakuntala Shopping Complex, Thiruvananthapuram High Road, Vannarpet, Tirunelveli, to submit their project proposals, get allied information and clarify…
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