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1.
The Scheme
TIIC is the principal financial institution
for the scheme announced by the Govt. of
Tamilnadu 'New Anna Marumalarchi Thittam'
[NAMT] to promote agro based SSI units not
exceeding 4 numbers in each of the 385 blocks
of the State with a minimum capital investment
of Rs.1.00 crore per block. A special package
of incentives and support / escort services
are provided under the Scheme.
2. Salient Features
of the Scheme:
All agro based industries including processing
of horticulture / floriculture produce,
flower based extract, coir and food processing,
etc will be eligible under the scheme. An
illustrative list of products / units /
activity is given as under ;
- Fruit Processing , namely Mango
pulp / Tomato pulp etc.
- Food Processing, namely Cashew
Processing, vegetable processing
etc.
- Aromatics
- Natural Dyes
- Bio-fertilizers
- Cattle Feeds
- Cold Storage and Refrigerated
Transport
- Floriculture
- Bio-technology products
- Agro Energy
- All post-harvesting activities
/ processing with value addition
- Fish Processing
- Agri Clinics / Services
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The list is only illustrative and not exhaustive.
All activities using agriculture / horticulture
produce as raw material involving manufacturing
/ service and machinery / equipments / value
addition will be eligible for financial
assistance under the scheme.
3. Application
The prescribed application may be collected
from District Industries Centre (DIC) and
duly filled in application to be submitted
at DIC.
4. Size of the Project
The cost of each individual project should
not be less than Rs.25.00 lakhs and should
not exceed Rs.1.00 crore.
5. Promoters' Contribution
Minimum of 20% of the cost of the project.
6. Debt Equity Raio
The Debt Equity Ratio will be 2:1
7. Incentives
Special capital subsidy 15% on investment
in plant and machinery subject to maximum
of Rs.15.00 lakh per block.
Generator subsidy
15% on the cost of the generator subject
to Rs.5.00 lakhs.
Women worker subsidy 5% subject to a
maximum of Rs.5.00 lakhs, if the unit is
employing more than 50% of their work force
as women.
Low Tension Power
Subsidy (LTPT) of 30%, 20% and 10% energy
charges in the first, second and third year
respectively from the date of commencement
of production or date of power connection
whichever is later.
Subsidy on power consumption charges to cold
storage units at Rs.3.00 lakhs or 50% of the
electric charges which ever is less will be
granted as subsidy for a period of 4 years.
8. Rate of Interest
The rate of interest will be the prevailing
rates.
9. Security
50% of the loan amount shall be
offered as collateral security
10. Others
NAMT proposals can also be considered
under NEF Scheme.
11. Other Features
The applicant shall be submitted to respective
DIC. The same will be placed before
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