Tamil Nadu Government Subsidies / Incentives for MSME Manufacturing Units
Capital Subsidy
| Purpose | Investment in Plant & Machinery |
| Eligibility |
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. |
| Eligibility |
|
| 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. |
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