Annal Ambedkar Business Champion Scheme :- According to the Tamil Nadu government, Annal Ambedkar Business Winner Scheme will be launched by 2023. Through this scheme, the Tamil Nadu state government will support the economic development of SC and ST members.
Tamil Nadu Makkaludan Muthalvar Scheme 2024
His Tamil Nadu Budget speech for 2023–2024 announced the Annal Ambedkar Business Winners Scheme. Krantikumarapathy, District Collector, Coimbatore, welcomed anyone interested to apply for the post at www.msmeonline.tn.gov.in or contact the General Manager, District Industries Center at 0422-2391678 or 2397311 for more details.
Details of Annal Ambedkar Business Champion Scheme
| Scheme Name | Annal Ambedkar Business Champion Scheme |
| Introduced by | Finance Minister of Tamilnadu State, while presenting TN Budget 2023-24 |
| State | Tamil Nadu |
| Objective | To encourage the economic growth of SC/ST business owners by providing capital subsidies and interest rate concessions for loans to buy machinery and equipment |
| Capital Subsidy | 35 Percent |
| Interest Subvention | 6 Percent |
| Budgetary Allocation | Rupees 100 crore |
Annal Ambedkar Business Champion Scheme Objective
The Annal Ambedkar Business Champion Scheme’s main objective is to support the growth of the SC and ST communities’ economies by encouraging entrepreneurs from those groups. For the financial year 2023–2024, the State government has set aside Rs. 100 crores to implement the Annal Ambedkar Business Champion Scheme, which will support entrepreneurs from SC and ST groups.
Features and Benefits of Annal Ambedkar Business Champion Scheme
As per the government directive dated May 12, 2023, the MSME Department will administer the programme It will provide 35% capital subsidy and 6% interest subsidy of up to Rs 1.5 crore to each beneficiary to start new construction, service, trade or operations or expand existing ones. The project’s approved working capital will be eligible for interest subsidy for a maximum of two years.
Tamil Nadu Ungalai Thedi Ungal Ooril Scheme
Though there is no prescribed educational qualification, applicants must be under 55 years of age. Capital support is available for all project costs, including investment in land (up to 20% of total project cost), equipment and machinery as required by government
A retired banker will be appointed as a credit consultant for each district and a national steering committee will be formed to monitor the program’s operations on a quarterly basis. Training will be provided by the Workforce Development Development Agencies to the selected recipients
Steps to Register on the Portal
- First of all, go to the official website of the Micro, Small and Medium Enterprises Department (MSME) i.e., https://www.msmeonline.tn.gov.in/
- The homepage of the website will open on the screen
- Click on the Login/Registration tab
- A new page will open on the screen
- Click on the Register link
- The registration form will open on the screen
- Now, fill in the form with all the required details like:
- Name
- Date of Birth
- Aadhaar Number
- Mobile Number
- Email Id
- After that, create a password
- Now, enter the captcha code
- Finally, click on the Register button to complete the registration process
Steps to Login on the Portal
- First of all, go to the official website of the Micro, Small and Medium Enterprises Department (MSME) i.e., https://www.msmeonline.tn.gov.in/
- The homepage of the website will open on the screen
- Click on the Login/Registration tab
- A new page will open on the screen
- Now, enter the email id or the mobile number and the password
- After that, enter the captcha code
- Finally, click on the login button to get logged in to your registered account.
FaQ
Q.What is the Annal Ambedkar Business Champion Scheme Objective ?
Ans.The Annal Ambedkar Business Champion Scheme’s main objective is to support the growth of the SC and ST communities’ economies by encouraging entrepreneurs from those groups. For the financial year 2023–2024, the State government has set aside Rs. 100 crores to implement the Annal Ambedkar Business Champion Scheme, which will support entrepreneurs from SC and ST groups.
Q.What is the Features and Benefits of Annal Ambedkar Business Champion Scheme ?
Ans.As per the government directive dated May 12, 2023, the MSME Department will administer the programme It will provide 35% capital subsidy and 6% interest subsidy of up to Rs 1.5 crore to each beneficiary to start new construction, service, trade or operations or expand existing ones. The project’s approved working capital will be eligible for interest subsidy for a maximum of two years.
Annal Ambedkar Business Champion Scheme 2024 | Annal Ambedkar Business Champion Scheme: Registration, Benefits @ msmeonline.tn.gov.in
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