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Micro / Small Enterprises Funding Scheme

The Government of Tamil Nadu launched micro/small enterprises funding scheme for the development of micro/small enterprises with the overall project outlay of Rs 50 lakhs. The scheme aims

  • Aims to provide financial assessment to the micro/small enterprises.
  • Aims to increase the production capacity.
  • Aims to aid in modernization, technological upgradation of these micro/small enterprises.

Eligibility:

  • The small/micro enterprises should be located in business potential places and has good scope for business.
  • The promoter’s contribution should be at least 20% of the project cost.

Benefits:

  • Enterprises get enough time (6 years) to return the money.
  • 75% project cost provided by the government under this scheme.
  • Receives loan at low interest rate.

How to Avail:

People can contact:

The Tamil Nadu Industrial Investment Corporation Limited, 692,Anna Salai,Nandanam,Chennai-600035,Tamil Nadu,India.

Contact No-+91-044-24306100/+91-044-24331203.

For further details click here

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