Flexi Working Capital | The Tamilnadu Industrial Investment Corporation Ltd

Objective	To extend financial assistance to assisted and non assisted units in Manufacturing & Processing sectors including Rice Mill Units to meet their working capital / additional working capital requirements.
Eligibility Norms	The unit should be in existence and in operation for the past two financial years. Unit should have earned cash profit for the last two financial years. The net worth of the units should be positive. The units assisted by the Corporation shall be in standard asset category for the last two financial years. Units which are having loans with the other Bank / FI’s should be in standard category with the respective institutions for the last two financial years.
Quantum of Assistance	Maximum: Rs.200.00 lakh per unit.
Promoter’s Contribution	25% of the working capital assessment.
Debt Equity Ratio	2 : 1
Repayment	42 months including a moratorium of 6 months (for first time assistance only). For subsequent assistance moratorium period shall not be given.
Quantum of Collateral Security	Category of Units	% of Collateral
	Assisted & Non-assisted units of TIIC without any bank finance	125%
	Assisted and Non-assisted units of TIIC with Bank finance	150%