TIIC Machinery Finance Scheme is a loan from Tamilnadu Industrial Investment Corporation Ltd (TIIC), Government of Tamil Nadu undertaking for tamil Nadu units operating for 3 completed financial years with net profit and no accumulated losses, buying new or second-hand machinery. It provides ₹10 L – ₹2 Cr, for manufacturing · services. Applications are currently open.
Key facts
| Amount / benefit | ₹10 L – ₹2 Cr |
|---|---|
| Provider | Tamilnadu Industrial Investment Corporation Ltd (TIIC), Government of Tamil Nadu undertaking |
| Where | Tamil Nadu |
| Stage | Early Revenue, Growth, Scale |
| Sector | manufacturing · services |
| Deadline | Applications open |
What is TIIC Machinery Finance Scheme?
TIIC Machinery Finance Scheme — ₹10 lakh to ₹2 crore (Category A); need-based for Category B — Tamil Nadu units operating for 3 completed financial years with net profit and no accumulated losses, buying new or second-hand machinery; promoter CIBIL above 650 for Category A. It is run by Tamilnadu Industrial Investment Corporation Ltd (TIIC), Government of Tamil Nadu undertaking.
The support is delivered through the programme’s own structure, and the form it takes is set by the issuing authority. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in manufacturing · services. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for TIIC Machinery Finance Scheme?
Tamil Nadu units operating for 3 completed financial years with net profit and no accumulated losses, buying new or second-hand machinery; promoter CIBIL above 650 for Category A. Not for: Units with under 3 years of operation or accumulated losses; greenfield second-hand machinery needs Head Office approval..
How much does TIIC Machinery Finance Scheme give, and in what form?
₹10 L – ₹2 Cr.
Frequently asked questions
Who runs this programme?
TIIC Machinery Finance Scheme is offered by Tamilnadu Industrial Investment Corporation Ltd (TIIC), Government of Tamil Nadu undertaking. Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Related programmes
Browse similar loan programmes. See all tamil nadu startup and msme schemes. CapEasy handles this under Working-capital loan advisory.
Source and verification
No official page is linked for this programme yet. Verification date pending. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.