Comments
A unique hospital to take care of industries that went sick is being set up in Telangana. The ₹100-crore fund will help the sick units tide over their financial problems.
It will act as a fintech company with a team of experts in the fields of finance, technology, marketing, branding and management advising the sick units.
The Telangana Industrial Health Clinic Ltd (TIHCL) will be established as a non-banking financial company (NBFC) and will be allowed to run operations autonomously.
The first state-promoted NBFC in the country was incorporated on June 7, with M Sanjaya as its CEO.
“We found some gaps in small and micro enterprises. While there is a declining trend in credit, there is inadequate support to those small entities on the growth path to get into equity markets. The health clinics would address these gaps,” Telangana Industries and Commerce Minister KT Rama Rao said, launching the logo of the TIHCL here on Monday.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.