Pottery Image
1

Kalaignar Kaivinai Thittam

Kalaignar Kaivinai Thittam empowers skilled artisans by providing financial support to sustain and expand their trades. This scheme aims to preserve traditional craftsmanship while promoting self-employment opportunities.

Eligibility & Benefits:

  • Applicants must be above 35 years of age.
  • Minimum 5 years of experience in one of the 25 listed trades.
  • If a subsidy above ₹1.5 lakh was received under any GoTN self-employment or business expansion scheme in the last 5 years, it must be repaid.
  • Maximum eligible subsidy: ₹50,000 (25% of the loan amount).
Arrow Icon
Scheme Image
2

Annal Ambedkar Business Champions Scheme

AABCS is a financial support scheme exclusively for SC/ST entrepreneurs, providing capital subsidies and interest subvention to promote new and expanding enterprises.

Eligibility & Benefits:

  • Age Limit: Up to 55 years
  • Education Qualification: No educational qualification required
  • Target Beneficiaries: SC/ST entrepreneurs (100% ownership required)
  • Business Coverage: New enterprises and expansion of existing ones, including trading businesses above UYEGP thresholds
  • Project Cost Includes: Land, plant, machinery, testing equipment, computing devices (land cost capped at 20% of the total cost). Vehicles are eligible if integral to the business
  • Capital Subsidy: 35% of the eligible project cost (maximum ₹1.5 crore)
  • Interest Subvention:
    • 6% subsidy for machinery & equipment loans (for up to 10 years)
    • Working capital loans eligible for interest subsidy for 2 years
  • Credit Linkage: Covers projects with or without credit linkage. For non-credit linked projects, the subsidy is released at the end
  • Additional Subsidy: No restriction on availing subsidies from non-Government of Tamil Nadu schemes
  • Application Mode: Online through msmeonline.tn.gov.in/aabcs/
Arrow Icon
Scheme Image
3

New Entrepreneur cum Enterprise Development Scheme (NEEDS)

NEEDS is a government initiative aimed at supporting first-generation entrepreneurs by providing financial assistance, capital subsidies, and interest subvention to establish manufacturing and service-based enterprises.

Eligibility & Benefits:

  • Age Limit: 21-45 years (up to 55 years for Women/BC/MBC/SC/ST/Ex-Servicemen/Transgenders/Differently Abled)
  • Educational Qualification: Must have completed Higher Secondary (+2)/Degree/Diploma/ITI/Vocational Training
  • Project Cost: Ranges from ₹10 lakh to ₹5 crore for manufacturing or service enterprises
  • Promoter's Contribution: 10% for General & 5% for Special Category
  • Loan Assistance: Provided by TIIC/Commercial Banks/TAICO Banks
  • Capital Subsidy: 25% of the project cost (maximum ₹75 lakh)
  • Interest Subvention: 3% subsidy on interest throughout the entire repayment period
Arrow Icon
Scheme Image
4

Unemployed Youth Employment Generation Programme (UYEGP)

UYEGP is designed to support unemployed youth from economically weaker sections by providing financial assistance to start small businesses and trading enterprises. The scheme helps promote self-employment and economic empowerment.

Eligibility & Benefits:

  • Age Limit: 18-45 years (up to 55 years for Women/Minorities/BC/MBC/SC/ST/Ex-Servicemen/Transgenders/Differently Abled)
  • Education Qualification: Minimum 8th pass
  • Family Income: Should be below ₹8 lakh
  • Project Cost: Maximum ₹15 lakh for Trading/Business projects
  • Promoter's Contribution: 10% for General & 5% for Special Category
  • Loan Assistance: Provided by Commercial Banks
  • Capital Subsidy: 25% of the project cost (maximum ₹3.75 lakh)
Arrow Icon
Scheme Image
5

Prime Minister's Employment Generation Programme (PMEGP)

PMEGP is a central government scheme that provides financial support to new entrepreneurs for setting up micro-enterprises in the manufacturing, service, and business sectors to generate self-employment opportunities.

Eligibility & Benefits:

  • Age Limit: Minimum 18 years
  • Educational Qualification: Minimum 8th pass for projects above ₹10 lakh (manufacturing) & ₹5 lakh (service)
  • Project Cost:
    • Manufacturing: Up to ₹50 lakh
    • Service/Business: Up to ₹20 lakh
  • Promoter's Contribution:
    • 10% for General Category
    • 5% for Special Category (SC/ST/OBC/Minorities/Women/Ex-Servicemen/Differently Abled)
  • Subsidy:
    • Urban Areas: 15% (General) & 25% (Special Category)
    • Rural Areas: 25% (General) & 35% (Special Category)
  • Loan Assistance: Provided by Commercial Banks, Cooperative Banks, Regional Rural Banks, and SIDBI
  • Repayment Period: 3 to 7 years after an initial moratorium
Arrow Icon
Scheme Image
6

Prime Minister Formalisation of Micro Food Processing Enterprises Scheme (PMFME)

PMEGP is a central government scheme that provides financial support to new entrepreneurs for setting up micro-enterprises in the manufacturing, service, and business sectors to generate self-employment opportunities.

Eligibility & Benefits:

  • Age Limit: Anyone over the age of 18 can apply, there are no educational qualifications or income limits.
Arrow Icon