A scheme named the Entrepreneur Support Scheme (ESS) was initiated by the Government of Kerala. To combine and replace all the schemes implemented for the benefit of entrepreneurs in the state. So, let us take a closer look at the Entrepreneur Support Scheme in the following paragraphs. Introduction to Entrepreneur…
The TIIC launches a scheme for the Equipment Finance Scheme For Existing Clients. They head towards the aim of helping the startups and already existing users in any of the schemes. Also getting funding for equipment is a financial instrument. That provides business owners with financing to buy new machinery…
A Working Capital Term Loan Scheme (WCTL) funds the daily operations of a business. These loans do not include purchasing long-term assets or investments. Also, use instead provides the working capital that meets the short-term operating needs of a business. Introduction to the Working Capital Term Loan Scheme The TIIC…
Tamilnadu Industrial Investment Corporation Limited (TIIC) launched the TNEB Bill Financing Scheme to offer financial help to the MSME sector. Also, the scheme gives funding for the MSME. Even non-manufacturing enterprises to whom TNEB issues a purchase order. The scheme also includes the manufacturers of indigenous machinery, capital equipment, components…
The SSI Ministry runs a program called the Credit Linked Capital Subsidy Scheme (CLCSS) for the technology up-gradation of Small-Scale Industries (SSI). Also, the Scheme aims to promote the upgrading of technology. By providing SSI units, including small, khadi, village, and coir industrial units, with upfront capital subsidies on institutional…
Entrepreneur Development Scheme – EDS India is increasingly heading towards an ecosystem of startups. Therefore, the Government established a whole ministry devoted to supporting new companies and promoting entrepreneurship. So, by launching several schemes to encourage entrepreneurship. The TIIC government steps forward to take specific initiatives. Overview: Entrepreneur Development Scheme (EDS)…
You know India is developing day by day. TIIC has introduced so many schemes for the youth. To give financial assistance to rural medical practitioners under the Medical Practitioner Scheme to set up an independent practice. Tamil Nadu Industrial Investment Corporation Limited proposes to provide loans to eligible medical practitioners.…
Tamil Nadu Industrial Investment Corporation is working since 1949 as a leading State Financial Company. Therefore, it provides financial assistance to the machinery, land acquisition, and construction industries to facilitate industrial growth in Tamilnadu. Moreover, for the establishment, expansion, modernization, or diversification sectors in Tamilnadu. Also, it provides monetary support…
The Micro Small Enterprise Funding Scheme is initiated by the Government of Tamil Nadu to advance the growth and competitiveness of micro and small enterprises (MSE). The Tamil Nadu Industrial Investment Corporation Limited (TIIC) charges with overseeing and executing this scheme. Even the Government of Tamil Nadu provides financial assistance…
New Entrepreneur cum Enterprise Development Scheme (NEEDS). Youth get together to build a bridge to the moon. Even a palace on earth with their materials. Then in the Middle Ages, they decide to make a woodshed with them instead. However, a NEEDS Scheme is an excellent initiative by the Tamil…