The Tamilnadu Industrial Investment Corporation Ltd
(A Government Of Tamil Nadu Undertaking)
The Growth Catalyst

New Entrepreneur cum Enterprise Development Scheme (NEEDS)


Purpose Educated youth will be identified, given entrepreneurial training, assisted in preparation of business plan, helped to tie up with banks/TIIC/SIDBI and linked with major industrial clients to set up new business ventures.

1) For  first generation entrepreneur with +2 qualification and in the age group of 21-35 years under General category and 21-45 years under special category (i.e., Women /SC / ST/BC/ MBC / Minorities / Ex-serviceman / Transgender / Differently abled persons)

2) The Private Limited Companies are not eligible for getting assistance under NEED Scheme.

Project Cost Rs 10.00 lakhs to Rs 500.00 lakhs
Promoter’s Contribution / DER

10% for general category
5% for special category

The maximum permitted DER for 5% capital will be 19.00:1.00 and for 10% capital, max. DER is 9:1.

Repayment Period 5 – 7 years including 6 months moratorium
Collateral Security 50% of  loan amount