Tamil Nadu Industrial Investment Corporation Limited
# Tamil Nadu Industrial Investment Corporation Limited

The Tamil Nadu Industrial Investment Corporation Limited (TIIC) (Tamil: தமிழ்நாடு தொழில் முதலீட்டுக் கழகம்), Limited 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), a government company incorporated under the Indian Companies Act 1913 and continues to be a government company under the Companies Act, 1956. The authorised 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 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.
