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January 08, 2018

RBI Approved India's 1st co-financing NBFC in Telangana

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The Reserve Bank of India (RBI) has approved Telangana Industrial Health Clinic Ltd (TIHCL), a State government initiative, to register and function as a Non-Banking Finance Company (NBFC). With this approval, TIHCL became the first State promoted and co-financing NBFC in India.


TIHCL is a newly formed organisation by the Telangana government for reviving and restructuring micro, small and medium enterprises (MSMEs). TIHCL was floated in 2017 with a corpus of ₹100 crore, which included contributions from the State and Central governments, financial institutions, industrial units and high networth individuals.

Lenders such as Karur Vysya Bank, Vijaya Bank, Canara Bank, Union Bank, SBI and SIDBI have evinced interest in partnering with TIHCL.

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

TIHCL will soon be signing memoranda of understanding with BSE and NSE. This will help MSMEs list on the SME platform of the bourses and provide an opportunity for entrepreneurs to raise equity capital for growth and expansion, and for investors to identify and invest in SMEs at an early stage.

B Yerram Raju (Director of TIHCL)

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