MSE Funding Scheme

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

T

State

States / UT: Tamil Nadu

Ministry / nodal: Agriculture

Department: Farmers Welfare Department

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
  • 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

Apply

Apply now

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

Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status