Capital Subsidy for Tamil Nadu MSME Manufacturing Units
A programme by The Tamilnadu Industrial Investment Corporation Ltd (TIIC)
A state capital subsidy on plant and machinery for micro units across Tamil Nadu, and for small and medium units in backward or priority areas.
At a glance
| Best for | Micro units anywhere in Tamil Nadu, and small and medium manufacturers in backward areas or priority sectors |
|---|
About Capital Subsidy for Tamil Nadu MSME Manufacturing Units
The state capital subsidy pays back part of what a manufacturing unit spends on plant and machinery. Micro units can apply from anywhere in Tamil Nadu. Small and medium units qualify in backward blocks, thrust sectors and agro-based industries. TIIC is the nodal agency for government subsidies for customers who take a business loan.
What you get
- A capital subsidy on plant and machinery investment, up to a stated maximum
- An additional 5% subsidy for new units set up by women, SC, ST, persons with disabilities or transgender entrepreneurs in backward areas or agro-based industries, up to a stated maximum
- An employment intensive subsidy of 5%, and a cleaner technology subsidy of 25%, each with its own cap
Who can apply
- Micro units anywhere in Tamil Nadu
- Small and medium units in backward blocks, thrust sectors and agro-based industries
How selection works: TIIC checks the unit and the investment against the scheme's rules.
How to apply: Use TIIC's loan enquiry or contact the corporation.
Where to apply
Other The Tamilnadu Industrial Investment Corporation Ltd (TIIC) programmes
- Micro Small Enterprise Funding Scheme (Proto and Propel Loans for Startups)Term loans for Tamil Nadu startups, from the ideation stage through to market entry, for founders an incubator has recommended.
- New Entrepreneur cum Enterprise Development Scheme (NEEDS)A government subsidy with a term loan for educated first generation entrepreneurs in Tamil Nadu starting a micro or small enterprise.
- Flexi Working Capital Term Loan SchemeA working capital term loan for new units, cash-profit units, job work units and some service businesses in Tamil Nadu.
- General Scheme for New and Existing EntrepreneursA long-term term loan for land, buildings, machinery and vehicles for new and existing manufacturing and service units.
- Machinery Finance (Equipment Finance Scheme)Loans to running units that buy plant, machinery or generators for modernisation, expansion or replacement.
- Bill Finance Scheme for Public Utility ContractorsShort-term finance on each bill for MSME contractors and suppliers to Tamil Nadu public utilities.
- Generator SubsidyA subsidy on a new captive generator of up to 320 KVA for micro, small and medium manufacturers.
Everything about The Tamilnadu Industrial Investment Corporation Ltd (TIIC)