TIIC to focus on first gen entrepreneurs while sanctioning loans under MSMEs
Updated: Jun 23, 2015 01:38:08pm
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Chennai, June 23 (KNN) With the view to encourage the start-ups, the Tamil Nadu Industrial Investment Corporation said it will focus on the first generation entrepreneurs while sanctioning loans under the micro, small and medium enterprises.
While speaking at a loan mela at the TIIC here on Monday, G Srinivasan, TIIC Deputy General Manager said the competitive rate of interest fixed by the TIIC had been encouraging the entrepreneurs, according to a media report.
The TIIC extended assistance for expansion or modernisation or diversification of existing trade and industries across the State.
It had planned to cover at least 40 per cent of entrepreneurs under the first generation entrepreneurs. He said priority would be attached to fishing net manufacturing industries for which there was a good scope and prospects in this part of the State.
Srinivasan said it had been planned to sanction loans of Rs 78 crore in Thanjavur district during the current financial year for setting up about 1,100 units.
During the current loan mela, TIIC had approved five projects for a loan of Rs 8 crore. (KNN Bureau)
While speaking at a loan mela at the TIIC here on Monday, G Srinivasan, TIIC Deputy General Manager said the competitive rate of interest fixed by the TIIC had been encouraging the entrepreneurs, according to a media report.
The TIIC extended assistance for expansion or modernisation or diversification of existing trade and industries across the State.
It had planned to cover at least 40 per cent of entrepreneurs under the first generation entrepreneurs. He said priority would be attached to fishing net manufacturing industries for which there was a good scope and prospects in this part of the State.
Srinivasan said it had been planned to sanction loans of Rs 78 crore in Thanjavur district during the current financial year for setting up about 1,100 units.
During the current loan mela, TIIC had approved five projects for a loan of Rs 8 crore. (KNN Bureau)
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