The Telangana Industrial Health Clinic Ltd. (TIHCL), a State government initiative designed to prevent Micro and Small Manufacturing Enterprises (MSMEs) from financial instability, is gearing up to expand its services across India. This promising move signifies a new era of business support and growth for MSMEs nationwide.
About Telangana Industrial Health Clinic Limited (TIHCL)
Established in 2018, TIHCL is a fintech Non-Banking Finance Company (NBFC) that undertakes both diagnostic and curative roles for MSMEs. The State Government of Telangana promotes the organization while Telangana Industrial Development Corporation (TSIDC) backs it.
Objectives of TIHCL
The primary goal of TIHCL is to ensure the health of MSMEs through responsive counseling, responsible consulting, and other essential mentoring services. It aims to encourage MSMEs towards robust and consistent financial performance by adhering to superior compliance standards.
The organization also strives to create a sustainable working environment that attracts, retains, and develops dedicated teams with shared values. As an advocate for MSMEs, TIHCL ensures timely payments from vendees. Moreover, it endeavors to boost potential MSMEs to equity platforms like the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Financial Makeup of TIHCL
Initially, TIHCL began with a corpus of Rs.100 Crores, primarily funded by the State Government of Telangana, which contributed Rs.10 Cr., the Government of India with Rs.50 Cr., and the remaining amount sourced through equity holdings from MSMEs, Banks, and Financial Institutions. Despite managing on only one-tenth of the originally planned ₹100 crore corpus fund, TIHCL has proven its eligibility for Central government funding to meet industry demands.
Financial Facts About TIHCL
| Established in | Initial Corpus | State Government Contribution | Central Government Contribution |
|---|---|---|---|
| 2018 | Rupees 100 Crores | Rupees 10 Crores | Rupees 50 Crores |
Investment and Services Offered by TIHCL
In terms of its investment, TIHCL allocates up to ₹25 lakh per unit. Its product portfolio includes bridge loan, stressed assets finance, credit financing, and margin amount funding. For women entrepreneurs, TIHCL offers these services at a concessional rate of interest under the NARI scheme.
Additionally, it also provides composite loans with flexible repayments and withdrawals to new micro and small enterprises established by women. This move underscores the organization’s commitment to fostering entrepreneurial talent among women and empowering them economically.
