The Tamilnadu Industrial Investment Corporation Ltd
(A Government Of Tamil Nadu Undertaking)
Funding Success...

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
  1. Educated youth with any Degree, Diploma, ITI/Vocational Training from a recognized institution.
  2. Age group of 21-35 years under General Category and 21 to 45 years under Special Category.
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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