Press Enter

PROJECT TITLE

    Press Enter

    Learning Center

    • Latest Highlights

    • Adverts

    • Browse by History

    • Browse By Business Needs

    • Browse By Industry

    • Important Government Scheme

    • States And Local Assistance


    Inclusivity Officials
    Dec 29 th, 2017
    MSME State Policies-STATES AND LOCAL ASSISTANCE No Comments

    MSME Policy Of Tamil Nadu

    FINANCIAL SECTOR

    • MSME production Enterprises will be enhanced from 15% to 25%. The subsidy for this will be a maximum limit of Rs.30 Lakh.
    • Reimbursement of 100% subsidy on the net value of Value Added Tax (VAT) paid by them for the first 6 years up to the value of investment
    • 25% capital subsidy on the value of eligible plant and machinery subject to a maximum of Rs. 30 lakh.
    • 50% subsidy on the cost of filing a patent application subject to a maximum of Rs.2.00 Lakh per application
    • 50% of the cost of the application for trade mark registration or Rs. 25,000/- whichever is less.
    • Creation of a Technology Development Fund for evolving cleaner / energy efficient / IT enabled technologies.
    • Assistance for creation of Centres of Excellence and Technology Business Incubators for introduction of new production techniques and design development to the tune of Rs.50 Lakh per incubator / centre of excellence.
    • Credit flow to MSME sector.
    • Stamp duty exemption on mortgaged and pledged documents

    SUPPORTING INSTITUTIONS/ INITIATIVES:

    • Develop ancillary and auxiliary industries
    • Capacity building of cluster enterprise (e.g. tech up-gradation, skill training, common facilities, workshops, incubation center, etc.)
    • Infrastructure Development
    • Rehabilitation of sick MSME
    • Unemployed Youth Employment Generation Program (UYEGP) Government of Tamil Nadu during the year

    MARKETING / COMPANY LEGITIMACY:

    • llowing waiver of Earnest Money Deposit for participation in tenders,
    • Granting 50% of hall rent for participation in exhibitions within the 29 State and also in other States by MSME Associations
    • By extending support for marketing under a common banner or brand name.

    RESEARCH/ INFO DISSEMINATION:

    • Up-gradation of Infrastructure Facilities
    • Quality control of steel and steel products

    SC/ST POLICIES:

    • SC/ST shall contribute 5% of the project cost. The balance 33% amount of the total project cost will be provided by banks as term loan.
    • 5% additional capital subsidy on the value of eligible plant and machinery for enterprises set up by women, SC/ST, differently abled and transgender entrepreneurs subject to a maximum of Rs.2 lakh.
    • 20% low tension power tariff subsidy for the first 36 months from the date of commencement of commercial production or from the date of power connection whichever is later.

    Comment