NEEDS Yojana [TN]
Government Scheme run by Govt. of TN. Open pan-India.
Category
Loan/Subsidy
Runs on
Govt. of TN
Applicable for
Pan India
Deadline
Rolling basis
Benefits.
- Project cost should be above ₹10 lakh, and below ₹5 crore.
- Rate of interest applicable to Micro & Small enterprises as per banking norms.
- Subsidy assistance will be provided by the State Government up to 25% of the project cost (Subject to a maximum limit of ₹75 Lakhs).
- Interest subvention provided at the rate of 3%, throughout the period of repayment.
Who qualifies.
- Applicant should be a resident of Tamil Nadu State for not less than 3 years.
- First Generation Individual Entrepreneur (Proprietorship) or Group of Entrepreneurs (Partnership).
- Applicant should be a first-generation entrepreneur.
- Entrepreneurship Development Programme (EDP) training is mandatory (1 Month).
- Age of the applicant should be between 21 to 35 years in general and for special (Women/BC/MBC/SC/ST/Ex-servicemen/Transgender/Differently abled), age relaxation is up to 45 years.
Focus sectors.
Manufacturing and service activities are eligibleNote: PFA Attached PDF for Ineligible Projects under NEEDS Yojana
Official portal.
msmeonline.tn.gov.in/needs/index.phpWant help preparing the application?
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