தமிழ்நாடு தொழில் முதலீட்டுக் கழகம்
(ஒரு மாநில அரசு நிறுவனம்)
The Growth Catalyst

Micro Small Enterprise Funding Scheme 

 

Objective To extend financial assistance to new / existing units in micro and small enterprises with overall project outlay of Rs.50 lakh (including existing project outlay).
Eligibility
    1. New enterprises in micro/small scale sector for manufacture, preservation or processing  of goods irrespective of location and service sector projects except SRTO like hospitals,      fast food, restaurant etc).
    2. Existing Micro and Small Enterprises, Service enterprises undertaking expansion, modernisation, technology upgradation and diversification irrespective of locations.
    3.  Prop./Partnership/Ltd. companies
Purpose For creation of fixed assets
Quantum of Loan

For new units : TL : 80% of project cost subject to a maximum of Rs. 40 lakh

For existing units: TL: 75% of project cost subject to a maximum of Rs.37.50 lakh

Project Cost Project cost shall not exceed Rs. 50 lakh in case of new unit.
Promoter’s Contribution New units             : 20% of Project Cost
Existing units       : 25% of Project Cost 
Debt Equity Ratio New units             : 4 : 1
Existing units       : Below 3 : 1
Repayment The period shall not exceed 6 years including moratorium of 6 months.
Collateral Security  50% of the loan sanctioned (minimum).
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