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MSME Registration (Udyam Registration)

The MSME (Micro, Small, and Medium Enterprises) Registration, also known as Udyam Registration, is a government initiative that provides various benefits to small and medium-sized businesses.

Benefits of MSME Registration:
βœ… Easier access to bank loans at lower interest rates
βœ… Subsidies on patent registration and industrial promotion
βœ… Tax benefits and exemption from direct taxes
βœ… Government tenders and procurement preferences

How We Help:
πŸ”Ή Online registration and documentation support
πŸ”Ή Guidance on eligibility and benefits
πŸ”Ή Assistance in availing MSME incentives

New Entrepreneur-Cum-Enterprise Development Scheme (NEEDS)

The NEEDS Scheme is a Tamil Nadu government initiative that provides financial assistance to young entrepreneurs to start new businesses.

Eligibility Criteria:
βœ”οΈ Age: 21 – 45 years (General), up to 55 years for SC/ST, Women, and Special Categories
βœ”οΈ Education: +2 Pass, ITI, Diploma, or Degree
βœ”οΈ Must be a resident of Tamil Nadu for at least 3 years

Benefits:
πŸ”Ή Capital Subsidy – 25% of project cost (up to β‚Ή75 lakhs)
πŸ”Ή Bank Loan – 90% loan for General, 95% for SC/ST, Women, and Special Categories
πŸ”Ή Interest Subsidy – 3% back-ended interest subsidy

Our Assistance:
βœ… Application and documentation support
βœ… Business plan preparation
βœ… Loan processing and subsidy claim guidance

Annal Ambedkar Business Champions Scheme (AABCS)

The AABCS Scheme provides financial support to small business owners, especially from SC/ST communities, to encourage entrepreneurship.

Eligibility Criteria:
βœ”οΈ No educational qualification required
βœ”οΈ Age: 18-55 years (for new entrepreneurs), no age limit for existing businesses
βœ”οΈ Must be a resident of Tamil Nadu for at least 3 years

Benefits:
πŸ”Ή Capital Subsidy – 35% front-ended subsidy (up to β‚Ή1.5 Crore)
πŸ”Ή Bank Loan – Covers 65% of project cost
πŸ”Ή Interest Subsidy – 6% interest subvention for the full repayment period

Our Assistance:
βœ… Business feasibility assessment
βœ… Loan and subsidy application processing
βœ… End-to-end project funding support

Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme (PMFME)

The NEEDS Scheme is a Tamil Nadu government initiative that provides financial assistance to young entrepreneurs to start new businesses.

Eligibility Criteria:
βœ”οΈ Age: 21 – 45 years (General), up to 55 years for SC/ST, Women, and Special Categories
βœ”οΈ Education: +2 Pass, ITI, Diploma, or Degree
βœ”οΈ Must be a resident of Tamil Nadu for at least 3 years

Benefits:
πŸ”Ή Capital Subsidy – 25% of project cost (up to β‚Ή75 lakhs)
πŸ”Ή Bank Loan – 90% loan for General, 95% for SC/ST, Women, and Special Categories
πŸ”Ή Interest Subsidy – 3% back-ended interest subsidy

Our Assistance:
βœ… Application and documentation support
βœ… Business plan preparation
βœ… Loan processing and subsidy claim guidance

Prime Minister’s Employment Generation Programme (PMEGP)

The PMEGP Scheme supports entrepreneurs by offering financial assistance to establish micro and small businesses.

Eligibility Criteria:
βœ”οΈ Age: 18+ years
βœ”οΈ Minimum education: 8th standard pass (for projects above β‚Ή10 lakhs in manufacturing and β‚Ή5 lakhs in service sector)

Benefits:
πŸ”Ή Maximum Project Cost – β‚Ή50 lakhs (Manufacturing), β‚Ή20 lakhs (Service)
πŸ”Ή Government Subsidy:

  • Urban: 15% (General), 25% (SC/ST, Women, and Special Categories)
  • Rural: 25% (General), 35% (SC/ST, Women, and Special Categories)

Our Assistance:
βœ… Loan application processing
βœ… Subsidy claim assistance
βœ… Business plan documentation

Unemployed Youth Employment Generation Programme (UYEGP)

The UYEGP Scheme is designed to support unemployed youth in starting their own businesses.

Eligibility Criteria:
βœ”οΈ Age: 18 – 45 years (General), up to 55 years for SC/ST, Women, and Special Categories
βœ”οΈ Minimum education: 8th standard pass (education criteria waived for differently-abled persons)
βœ”οΈ Must be a resident of Tamil Nadu for at least 3 years
βœ”οΈ Family income should not exceed β‚Ή5 lakh per annum

Benefits:
πŸ”Ή Bank Loan – Covers 90%-95% of project cost
πŸ”Ή Government Subsidy – 25% of project cost (up to β‚Ή5 lakhs)

Our Assistance:
βœ… Loan and subsidy application support
βœ… Business registration and licensing guidance
βœ… Documentation and compliance assistance