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