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Which are the agencies providing financial assistance for starting and running Small Enterprise?

April 26, 2017agencies Enterprise financial providing running small

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Which are the agencies providing financial assistance for starting and running Small Enterprise?

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Ans: Financial assistance is available from institutions such as Tamilnadu Industrial Investment Corporation (TIIC), Nationalised Banks, Small Industries Development Bank of India (SIDBI), Regional Rural Banks, National Small Industries Corporation (NSIC), etc. depending upon the project requirement and promoters background. Financial assistance has two components. (i) Loan for fixed capital is used to acquire plant and machinery, land and building. (ii) Working capital loan is used to meet day to day operational cost of the production. TIIC provide term loan for fixed capital. Nationalised banks provide working capital loan. Nationalised banks also provide fixed capital loan. National Small Industries Corporation generally provides working capital. However also provide a composite loan covering plant and machinery and working capital.