Lending to STUs !

image

The money mobilized is exclusively lent to the State Transport Undertakings to meet their capital expenditure and working capital requirements. Different types of loans are being issued to the State Transport Undertakings.

1. Hire Purchase Loans - for the purchase of chassis and bus body constructions

2. Short Term loans like Motor Vehicle Tax Loans - To meet the half yearly motor vehicle tax commitments of the STU, Bonus Loan - To meet the yearly bonus commitments of the needy STUs and Working Capital Requirements

3. Long Term Loans - To meet capital expenditure programmes other than purchase of chassis and bus body constructions, like construction of a depot

 
 
Why to Invest TDFC?
  • Wholly owned by Government of Tamilnadu
  • Registered with RBI as a Non Banking Finance Company vide Regn. No.07.00403
  • Operations fully computerized.
  • Making profit since inception (1975).
  • Interest Warrants are encashable at par at spefied centers in India.
  • Outstation repayment by Demand Draft at our Cost.
  • Loan facility is available against deposits.
  • Nomination facilities are available subject to the provisions of the RBI (Amendmant) Act 1997.
  • Trust can invest with TDFC under Sec.11(5)(VII) of the I.T.Act.