Service
Capital Assistance Boost - (TN)
Government Scheme run by MSME. Open pan-India.
About this Service
Growthora provides comprehensive solutions for Capital Assistance Boost - (TN). We ensure full compliance and seamless execution so you can focus on growing your business.
Key Benefits
- 1. Capital Subsidy / Special Capital subsidy: 25% capital subsidy on the value of eligible plant and machinery, subject to a maximum of ₹ 150 Lakhs.
- 2. Incentive for Scaling up: All existing Micro and Small Manufacturing Enterprises set up anywhere in Tamil Nadu graduating to higher category by undertaking expansion/diversification are eligible for a 5% additional capital subsidy subject to a maximum of ₹ 25 Lakhs for scaling up.
- 3. Additional Capital Subsidy for Select Category: Additional capital subsidy for enterprises set up by Women / Scheduled Caste / Scheduled Tribe / Differently Abled and Transgender entrepreneurs at the rate of 5% on the value of eligible plant and machinery, subject to a maximum of ₹ 5 Lakhs.
- 4. Additional Capital Subsidy on the value of Plant and Machinery: Additional Capital subsidy of 10% for micro-enterprises on the investment made in plant and machinery value, subjected to a maximum of ₹ 5 Lakhs.
- 5. Additional Capital Subsidy to promote cleaner and environment friendly technologies: Additional Capital Subsidy at the rate of 25% of plant and machinery value installed to promote such technology subjected to a maximum of ₹ 10 Lakhs for new and existing enterprises promotes cleaner and environmentally friendly technologies.
Eligibility Criteria
- All new micro manufacturing enterprises established anywhere in the state.
- All new small and medium enterprises under following 24 thrust sectors established anywhere in the state (excluding additional capital subsidy and employment generation subsidy): (Attached in Separate Documents)
- All new small and medium manufacturing enterprises established in any of the 254 industrially backward blocks in the state.
- All new agro-based small and medium manufacturing enterprises established in any of the 388 blocks in the state.
- Existing manufacturing enterprises of the above categories which have taken up substantial expansion/diversification of the existing activities.
- This scheme is only for manufacturing and machinery purchase. Service activities are not eligible.
- Proprietary, Partnership, Pvt Ltd, Cooperative, Limited, HUF and Other having Udyam Registration can apply
Documents Required
Basic KYC, business registration certificates, and project reports if applicable.
Frequently Asked Questions
What is the timeline for Capital Assistance Boost - (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.
Free Consultation
Expert Assistance for
Capital Assistance Boost - (TN)
Fill out the form below and our experts will contact you shortly to guide you through the process.