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from BUSINESS LINE, October 27, 2008 Madurai, Oct. 26 - "There is no credit squeeze on us. We have planned to disburse Rs 700 crore in the remaining part of this fiscal, Rs 200 crore towards purchase of generators and the balance for other industrial projects for southern districts," said Mr C. Umashankar, Managing Director, Tamil Nadu Industrial Investment Corporation (TIIC).
If adequate and timely credit is not extended in the present economic scenario, small and medium enterprises will be affected.
Coinciding with the celebration of 60 years of functioning of the corporation, an awareness campaign on credit assistance to small and medium enterprises has …