TIHCL supports MSMEs in Telangana State

Hyderabad: The Telangana Industrial Health Clinic Ltd (TIHCL) completed three years this June.

In 2016, Industries Minister KTR announced in the Legislative Assembly to establish an innovative institution to tackle the problems of MSMEs. In June 2017, Telangana Industrial Health Clinic Ltd (TIHCL) came into existence.

In the last three years, TIHCL has taken several steps for helping MSMEs that are in distress. Since its inception, TIHCL closely worked with the banks and conducted diagnostic studies and identified the causes of sickness and remedies available.

Given that MSMEs lay a crucial role in the economic development and employment growth of the State, the Telangana government took it as a major responsibility to prevent any further MSMEs from becoming sick and also revive units that have become sick before Telangana State was formed.

"TIHCL has evaluated 218 sick MSMEs and supported 104 of them which have potential for revival.