Tamil Nadu Government Subsidies / Incentives for MSME Manufacturing Units
|Purpose||Investment in Plant & Machinery|
a) Micro Units – Anywhere in Tamilnadu
b) Small and Medium Units – in Backward Blocks, Thrust Sector & Agro Based Industries
|Subsidy Amount||25% of Investment in Plant & Machinery subject to maximum of Rs.50.00 lakhs|
|Additional Capital Subsidy||
a) 5% subject to a maximum of Rs.2.00 lakhs for new units set up by Women/SC/ST/Physically handicapped/ Transgender entrepreneurs in backward areas / agro based industries.
b) Employment Intensive Subsidy of 5% subject to a maximum of Rs.5.00 lakhs for Employment Generation.
c) Promotion of Cleaner & Environment Friendly Technologies – 25% subject to maximum of Rs.3.00 lakhs.
New Entrepreneur cum Enterprise Development Scheme [NEEDS]
|Purpose||Government subsidy and loan for business to first generation entrepreneurs for Investment made towards construction of Building ,Plant & Machinery.|
|Subsidy Amount||25% of Project Cost subject to maximum of Rs.30.00 lakhs|
3% Interest Subvention Scheme for MSME and NEEDS
|Purpose||Ø To reduce the interest burden of entrepreneurs|
|Eligibility||Ø Standard category customers only.|
|Subvention Amount||Ø Maximum of Rs.30.00 lakhs per unit.|