Annal Ambedkar Business Champion Scheme 2024

Annal Ambedkar Business Champion Scheme Objective(அண்ணல் அம்பேத்கர் வணிக சாம்பியன் திட்டத்தின் நோக்கம்)

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.

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

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 approved working capital of the project will be eligible for interest subsidy for a maximum of two years.

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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

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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.

Steps for Department 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 Dept Login tab
A new page will open on the screen
Now, enter the user name 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.Who is eligible for Annal Ambedkar business Champions Scheme?

Ans.The applicant should be a resident of the State of Tamil Nadu. The beneficiaries shall be persons belonging to SC/ST communities.

Q.What is the subsidy scheme of Ambedkar Nigama?

Ans.Under ISB scheme subsidy upto Rs. 2.00 lakhs is provided for Scheduled Caste beneficiaries for starting self employment activities such as Hopcoms, fruit stall, vegetable stall and any kind of self employed business

Q.How to apply Ambedkar scheme?

Ans.The application should be recommended and forwarded either by a local sitting Member of Parliament (Lok Sabha or Rajya Sabha) or by the District Magistrate & Collectors / Deputy Commissioner of the concerned District or the Secretary in-charge of Health & Social Welfare Departments of State/UT.

Annal Ambedkar Business Champion Scheme: Registration, Benefits | அண்ணல் அம்பேத்கர் வணிக சாம்பியன் திட்டம் 2024 @ www.msmeonline.tn.gov.in
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