Tuesday, November 28, 2017

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State Finance Corporation In Tamil Nadu

STATE FINANCE CORPORATION IN TAMIL NADU

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[Post Image Courtesy of BasketMan at FreeDigitalPhotos.net]

The Madras Industrial Investment Corporation (MIIC) was started as early as 1949, under the companies act and it was renamed as Tamil Nadu Industrial Investment Corporation (TIIC). It was the first State Finance Corporation in India, after the establishment of the State Finance Corporation Act, 1951, the first State Finance Corporation was in Punjab in 1953.

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