Government Scheme

AABCS Assistance Program - (TN)

Government Scheme run by MSME. Open pan-India.

About this Service

Growthora provides comprehensive solutions for AABCS Assistance Program - (TN). We ensure full compliance and seamless execution so you can focus on growing your business.

Key Benefits

35% capital subsidy ( Not exceeding Rs 1.5 crore) on eligible project cost
Project cost include land, plant, machinery, testing equipment and computing devices with cost of land not exceeding 20% of project cost. Vehicles shall be considered if it integral to the business process
6% interest subvention for loans to procure machinery and equipment during the tenure of loan not exceeding 10 years. Interest subvention will be upfront and given to banks
Working capital sanctioned for the project shall be eligible for interest subvention for a period not exceeding 2 years
Cover projects without credit linkage also and in such cases capital subsidy will be released back ended
No bar on beneficiary to claim additional capital subsidy from schemes operated by agencies not controlled by Govt. of Tamil Nadu
Beneficiaries belonging to SC/ST communities (100% owned by SC/ST persons)
Covering new and expansion of existing enterprises
Covering Trading related projects which are above the threshold of assistance under the existing Unemployed Youth Employment Generation programme
Beneficiaries shall be with age limit of 55 years
No minimum educational qualification

Eligibility Criteria

Community: Must belong to the Scheduled Caste (SC) or Scheduled Tribe (ST) communities.
Residency: Should be a resident of Tamil Nadu.
Business Type: The enterprise should be a new venture or an expansion/diversification of an existing business.
Project Cost: The total project cost should be within the limits specified by the scheme guidelines.
Educational Qualification: There is no minimum educational qualification required for beneficiaries.

Documents Required

Community certificate (SC/ST)
Aadhaar, PAN and Tamil Nadu residence proof
Business constitution / ownership proof showing 100% SC/ST ownership
Project report and quotations
Land / lease documents
Bank loan proposal or self-finance details
Financials for expansion cases
Udyam and statutory registrations as applicable

Frequently Asked Questions

What is the timeline for AABCS Assistance Program - (TN)?

The standard timeline depends on government processing, typically ranging from a few days to a few weeks.

What documents are required?

Standard KYC documents (Aadhaar, PAN, Address Proof) and business entity documents are required.

What capital subsidy is available?

The scheme provides 35% capital subsidy on eligible project cost, subject to the notified cap.

Who can own the enterprise?

The supported enterprise must be 100% owned by persons belonging to SC/ST communities.

Is there interest subvention?

Yes, 6% interest subvention is provided under the scheme for eligible loans, subject to conditions.

Conclusion

AABCS offers one of Tamil Nadu’s stronger targeted entrepreneurship incentives, but ownership, community and project-cost documentation must be precise.

Free Consultation