BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The Tamil Nadu Industrial Investment Corporation Limited (TIIC) (Tamil: ), 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.

Detailed explanation-2: -TIIC provides financial assistance for purchase of land, machinery and construction of buildings. The purpose could be for setting up new units / expansion / modernization / diversification of existing industries. Assistance is extended to both manufacturing and eligible service sector industries.

Detailed explanation-3: -What is TIIC? Tamilnadu Industrial Investment Corporation Ltd. [TIIC] is a premier State Financial Corporation established in the year 1949. TIIC fosters industrial development in Tamil Nadu by providing financial assistance to industries for purchase of land, machinery and construction of buildings.

Detailed explanation-4: -In 1949, the Tamil Nadu government formed an agency named TIIC or Tamil Nadu Industrial Investment Corporation Ltd. Its goal was to provide low-cost financial support for setting up new units and expanding the existing units. It focuses more on micro, small, and medium enterprises and supports the same. Q.

Detailed explanation-5: -TIIC as a State Level Financial Institution, offers financial assistance to various manufacturing industries such as large, medium, small and micro industries including service sector under various schemes : ➢ Term Loans ➢ Term Loan and Working Capital Term Loans. ➢ Discounting of Bills of TNEB, TWAD, TNPL and RPLMSC.