Yak Rbi Approved India's 1St Co-Financing Nbfc Inwards Telangana

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

About TIHCL

TIHCL is a newly formed scheme past times the Telangana regime for reviving together with restructuring micro, modest together with medium enterprises (MSMEs). TIHCL was floated inwards 2017 amongst a corpus of ₹100 crore, which included contributions from the State together with Central governments, fiscal institutions, industrial units together with high networth individuals.

Lenders such equally Karur Vysya Bank, Vijaya Bank, Canara Bank, Union Bank, SBI and SIDBI have evinced involvement inwards partnering amongst TIHCL.

It had won the SKOCH Platinum Award in September 2017 nether the smart governance category inwards the MSME segment.

TIHCL volition presently last signing memoranda of agreement amongst BSE together with NSE. This volition attention MSMEs listing on the SME platform of the bourses together with supply an chance for entrepreneurs to heighten equity uppercase for increase together with expansion, together with for investors to put together with invest inwards SMEs at an early on stage.

B Yerram Raju (Director of TIHCL)

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