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    THE STATE INDUSTRIESTHE STATE INDUSTRIES

    PROMOTION CORPORATION OFPROMOTION CORPORATION OF

    TAMILNADU LIMITEDTAMILNADU LIMITED

    (SIPCOT)(SIPCOT)

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    PROMOTIONAL ACTIVITIES OF SIPCOTPROMOTIONAL ACTIVITIES OF SIPCOT

    Provision of financial assistance on liberal terms toProvision of financial assistance on liberal terms tomedium & major industries.medium & major industries.

    Implementation of a package scheme of incentive for theImplementation of a package scheme of incentive for thebenefit of entrepreneurs.benefit of entrepreneurs.

    Development of potential growth centres & provision ofDevelopment of potential growth centres & provision ofdeveloped lands at reasonable cost on easy paymentdeveloped lands at reasonable cost on easy paymentterms.terms.

    Provision of various ancillary services for theProvision of various ancillary services for theentrepreneurs.entrepreneurs.

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    SIPCOTS FINANCIAL ASSISTANCESIPCOTS FINANCIAL ASSISTANCE

    a)a) Term loan under IDBI Refinance schemeTerm loan under IDBI Refinance schemeb)b) IDBIs seed capital schemeIDBIs seed capital scheme

    c)c) Underwriting the capital issuesUnderwriting the capital issuesd)d) Guarantee loans from commercial banksGuarantee loans from commercial banksUnderwriting the capital issues is however,Underwriting the capital issues is however,

    normally restricted to projects to be set up innormally restricted to projects to be set up inthe backward areas of the state. SIPCOT is thethe backward areas of the state. SIPCOT is the

    22ndnd state level institution eligible for refinancestate level institution eligible for refinancein Tamilnadu under the IDBI refinancein Tamilnadu under the IDBI refinancescheme.scheme.

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    Following arrangements evolved between TamilnaduFollowing arrangements evolved between Tamilnaduindustrial investment corporation limited (TIIC) & SIPCOTindustrial investment corporation limited (TIIC) & SIPCOTin regard to lending term loans to industrial units under thein regard to lending term loans to industrial units under theIDBI refinance scheme.IDBI refinance scheme.

    All SSI units will be within the purview of TIIC.All SSI units will be within the purview of TIIC. In respect of medium & major scale industries.In respect of medium & major scale industries.

    1)1) TIIC can be approached if the term loan requirement isTIIC can be approached if the term loan requirement isrs.30 lakhs or less in the case of companies withrs.30 lakhs or less in the case of companies withlimited liability,& if the term loan requirement is rs.15limited liability,& if the term loan requirement is rs.15lac or less in the case of proprietary or partnershiplac or less in the case of proprietary or partnershipfirm.firm.

    2)2) The SIPCOT will sanction the balance of loan, if theThe SIPCOT will sanction the balance of loan, if therequirement is above rs.30 lakhs in case of companiesrequirement is above rs.30 lakhs in case of companieswith limited liability or above rs.15lac in the case ofwith limited liability or above rs.15lac in the case ofproprietary or partnership concern.proprietary or partnership concern.

    3)3) If the paid up capital & reserves of the company areIf the paid up capital & reserves of the company are

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    Project Identification & supply ofProject Identification & supply of

    project profiles:project profiles: SIPCOT role is to fulfilling the objectives of rapidSIPCOT role is to fulfilling the objectives of rapid

    industrial growth & industrial dispersal in backwardindustrial growth & industrial dispersal in backwardareas.areas.

    Recognising that identification of a profitable project isRecognising that identification of a profitable project isthe foremost step an entrepreneur has to take whilethe foremost step an entrepreneur has to take whileventuring into medium or major industry.venturing into medium or major industry.

    SIPCOT prepare project profiles giving sufficient detailsSIPCOT prepare project profiles giving sufficient detailsto enable entrepreneur to take preliminary investmentto enable entrepreneur to take preliminary investmentdecision.decision.

    SIPCOT prepared project profiles for a number ofSIPCOT prepared project profiles for a number offeasible projects & made available to entrepreneur at afeasible projects & made available to entrepreneur at anominal cost.nominal cost.

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    Entrepreneurial GuidanceEntrepreneurial Guidance

    SIPCOT has built up a data bankSIPCOT has built up a data bankcontaining classified information of variouscontaining classified information of various

    procedures to be gone through, forms toprocedures to be gone through, forms tobe filled up & compliance with assessingbe filled up & compliance with assessingthe merits of alternative locations for thethe merits of alternative locations for the

    proposed projects with reference to theproposed projects with reference to thesource of raw materials, market potentialsource of raw materials, market potential& facilities available in particular areas.& facilities available in particular areas.

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    Business Development:Business Development:

    The first step SIPCOT has taken in this regard is to bulid up & update the list ofThe first step SIPCOT has taken in this regard is to bulid up & update the list ofentrepreneurs holding letter of intent & licences in the state. It contacts theseentrepreneurs holding letter of intent & licences in the state. It contacts theseentrepreneurs regularly with a view to find out the stage of implementation.entrepreneurs regularly with a view to find out the stage of implementation.

    It also identifies their problems & help to overcome these problems & go ahead withIt also identifies their problems & help to overcome these problems & go ahead withimplementation.implementation.

    It provides guidance to new entrepreneurs on location of plant, economic size of theIt provides guidance to new entrepreneurs on location of plant, economic size of theunit, foreign collaboration etc.unit, foreign collaboration etc.

    The business development department guides entrepreneur in applying for licencesThe business development department guides entrepreneur in applying for licences& registrations to the central Government, approval on collaboration, import licence,& registrations to the central Government, approval on collaboration, import licence,allocation of scarce raw materials & clearance from local authorities or financialallocation of scarce raw materials & clearance from local authorities or financialinstitution.institution.

    It also helps entrepreneurs to get necessary commitment for supply of powerIt also helps entrepreneurs to get necessary commitment for supply of power&construction materials for putting up the project.&construction materials for putting up the project.