3. What is SIDCO ?
Tamil Nadu Small Industries Development
Corporation Limited was established in the year
1970 as a Government of Tamil Nadu undertaking
to promote and provide assistance to Micro Small
and Medium Enterprises in the State.
SIDCO has been performing the functions of
maintenance of 41 Government Industrial Estates
and 86 Industrial Estates established on its own,
thus maintaining totally 127 Industrial Estates all
over in Tamil Nadu.
4. • The Industrial Development Corporations have
been set up by the state governments and
they are wholly owned by them. These
institutions are not merely financing agencies;
they are entrusted with the responsibility of
accelerating the industrialization of their
states.
5. SIDCOs provide financial assistance
to industrial concerns by way of loans
guarantees and underwriting of or direct
subscriptions to shares and debentures. In
addition to these, they undertake various
promotional activities, such as conducting
techno-economic surveys, project
identification, preparation of feasibility
studies and selection and training of
entrepreneurs.
6. They also promote joint
sector projects in association with private
promoter in such type of projects. SIDCOs
take 26 percent, private co-promoter takes
25 percent of the equity, and the rest is
offered to the investing public. SIDCOs
undertake the development of industrial
areas by providing all infrastructural
facilities and initiation of new growth
centers. They also administer various State
government incentive schemes.
7. SIDCOs
get refinance facilities form IDBI. They
also borrow through bonds and accept
deposits. the doctrine of “monetarism” and who
received Nobel Prize in 1976. He boldly
announced in his book “Monetary History
of the UnitedStates, 1867 – 1960” that the
Great Depression of the 1930’s was largely
the outcome of the bungling monetary
policies of the Federal Reserve System.
8.
9.
10. * Establishment and maintenance of
Industrial Estates.
* Distribution of Raw Materials.
* Marketing Assistance.
* Promotion of Private Clusters and
Common Facility Centres.
* Enabling the access of MSMEs
towards Technology, Inputs, Best
Practices, Capital and Markets.
