Which of the following agencies was established in 1949 to provide low-cost financial support for setting up and expanding production units?

Tamil Nadu Small Industries Corporation Limited (TNSI)

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Tamil Nadu Industrial Development Corporation (TIDCO)

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Tamil Nadu Small Industries Development Corporation (TANSIDCO)

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Tamil Nadu Industrial Investment Corporation Limited (TIIC)

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Solution

The correct option is D Tamil Nadu Industrial Investment Corporation Limited (TIIC)
In 1949, the Tamil Nadu government formed an agency named TIIC or Tamil Nadu Industrial Investment Corporation Ltd. Its goal was to provide low-cost financial support for setting up new units and expanding the existing units. It focuses more on micro, small, and medium enterprises and supports the same.

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