ENA State 2021-12-09 08:21:08 <p><strong>Chennai, 9 Dec (KNN)</strong> To support and help MSMEs, the Tamil Nadu government announced that a MoU has been signed between Tamil Nadu Industrial Investment Corporation Ltd (TIIC) and Tamil Nadu Small Industries Development Corporation (TANSIDCO).</p> <p>The agreement was signed in the presence of Industries Minister Thangam Thennarasu and MSME Minister T M Anbarasan to ensure proper and timely implementation of industrial MSME schemes, as published in ET.</p> <p>Through this association, TIIC has also partnered with Tamil Nadu Industrial Co-operative Bank Ltd (TAICO Bank) to manage co-lending activities which will be provided to MSMEs.</p> <p>Further MSME units, under this loan which provides interim loan can get their plots earliest so that they can start their commercial operations without any delay.</p> <p>To get working capital along with term loans for fixed asset creation for MSMEs is the chief objective of this partnership between TIIC and TAICO Bank.</p> <p>With this MSMEs will play a significant role in achieving Chief Minister M K Stalins ambition of making Tamil Nadu a USD 1 trillion economy by 2030.</p> 27842 https://knnindia.co.in/news/newsdetails/state/tamil-nadu-govt-inks-mou-with-tansidco-taico-bank-for-co-lending-execution-of-msme-schemes 2021-12-09 08:21:08 knnindia.co.in