Rbi Approved India’s 1St Co-Financing Nbfc Inward Telangana

The Reserve Bank of Republic of Republic of India (RBI) has approved Telangana Industrial Health Clinic Ltd (TIHCL), a State authorities initiative, to register as well as constituent equally a Non-Banking Finance Company (NBFC). With this approval, TIHCL became the first State promoted as well as co-financing NBFC inwards India.

About TIHCL

TIHCL is a newly formed arrangement yesteryear the Telangana authorities for reviving as well as restructuring micro, small-scale as well as medium enterprises (MSMEs). TIHCL was floated inwards 2017 alongside a corpus of ₹100 crore, which included contributions from the State as well as Central governments, fiscal institutions, industrial units as well as high networth individuals.
Lenders such equally Karur Vysya Bank, Vijaya Bank, Canara Bank, Union Bank, SBI and SIDBI have evinced involvement inwards partnering alongside TIHCL.
It had won the SKOCH Platinum Award in September 2017 nether the smart governance category inwards the MSME segment.
TIHCL volition shortly hold upward signing memoranda of agreement alongside BSE as well as NSE. This volition help MSMEs listing on the SME platform of the bourses as well as furnish an chance for entrepreneurs to heighten equity uppercase for increment as well as expansion, as well as for investors to pose as well as invest inwards SMEs at an early on stage.
B Yerram Raju (Director of TIHCL)
sponsored links

Leave a Reply