MSE Funding Scheme

Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)

The Term loan obtained under the NEF scheme of TIIC, now known as the Micro/Small Enterprises Funding Scheme, is designed to support manufacturers in Tamil Nadu.

State

States / UT: Tamil Nadu

Ministry / nodal: Agriculture

Nodal department: Farmers Welfare Department

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): Yes

Target beneficiaries: Manufacturers

Tags: Micro Enterprises, Small Enterprises, Manufacturers, Financial Assistance, Interest Subsidy, Tamil Nadu, Employment Generation, Infrastructure Support, Technology Upgradation, DBT, Incentives, MSME

Details

The Term loan obtained under the NEF scheme of TIIC, now known as the Micro/Small Enterprises Funding Scheme, is designed to support manufacturers in Tamil Nadu. The scheme aims to provide financial assistance through term loans with a funding pattern that includes a 3% interest subsidy on the loan amount. This initiative is part of the broader commitment of the Micro, Small and Medium Enterprises Department to enhance the competitiveness of the sector and create employment opportunities.

Anywhere in the State

Sponsored by: State
Funding pattern: 3% of the interest on term loan.
Scheme type: Download

Benefits

  • 3% interest subsidy on term loans
  • Financial support for manufacturers
  • Encouragement for modernization and technology upgradation
  • Assistance in creating infrastructure facilities

Eligibility

Manufacturers in Tamil Nadu can apply for this scheme. Specific eligibility criteria may apply based on the nature of the enterprise and its location.

Application Process

Offline

To avail the benefits, manufacturers must apply through their respective financial institutions on a quarterly basis. For more information, contact the General Managers at District Industries Centres or the Regional Joint Director in Chennai.

References

Tamil Nadu scheme page
https://www.tn.gov.in/scheme_details.php?id=MTc=
Uploaded scheme document (PDF)
https://cms.tn.gov.in/cms_migrated/document/schemes/msme.pdf

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Frequently asked questions

What is the purpose of Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) is a government welfare initiative designed to support Individual, Manufacturers through benefits related to General, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
Who can apply for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Eligibility for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
What benefits are offered under Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Benefits under Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
Which department manages Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) is managed by Farmers Welfare Department and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
Can users apply online for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Yes, eligible applicants may be able to apply online for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) through official government portals, authorised service centres, or digital application systems depending on the implementation process.
Is Aadhaar mandatory for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
Where can users apply for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Applications for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
What documents may be required for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
Is Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) available in all states?
No, Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) is primarily available for eligible residents of Tamil Nadu and may be implemented through state government departments and local administrative offices.
Can residents outside Tamil Nadu apply for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Eligibility for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) is generally limited to residents of Tamil Nadu unless otherwise specified in the official scheme guidelines.
Does Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) provide business loan or startup assistance?
Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
Is collateral required under Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
Can CSC centres help users apply for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
How can users check the latest updates for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
Can beneficiaries track application status for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme)?
Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
Where can users get help for Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) in Tamil Nadu?
Users in Tamil Nadu may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
Which nearby public services may help with Term loan obtained under NEF scheme of TIIC (Renamed as Micro/Small Enterprises Funding Scheme) applications?
Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.