Micro, Small and Medium Enterprises Department
குறு, சிறு மற்றும் நடுத்தரத் தொழில் நிறுவனங்கள் துறை
AABCS
- 35% capital subsidy ( Not exceeding Rs 1.5 crore) on eligible project cost
- Project cost include land, plant, machinery, testing equipment and computing devices with cost of land not exceeding 20% of project cost. Vehicles shall be considered if it integral to the business process
- 6% interest subvention for loans to procure machinery and equipment during the tenure of loan not exceeding 10 years. Interest subvention will be upfront and given to banks
- Working capital sanctioned for the project shall be eligible for interest subvention for a period not exceeding 2 years
- Cover projects without credit linkage also and in such cases capital subsidy will be released back ended
- No bar on beneficiary to claim additional capital subsidy from schemes operated by agencies not controlled by Govt. of Tamil Nadu
- Beneficiaries belonging to SC/ST communities (100% owned by SC/ST persons)
- Covering new and expansion of existing enterprises
- Covering Trading related projects which are above the threshold of assistance under the existing Unemployed Youth Employment Generation programme
- Beneficiaries shall be with age limit of 55 years
- No minimum educational qualification
- Application shall be filed through online only msmeonline.tn.gov.in/aabcs/