Service
NEEDS Yojana [TN]
Government Scheme run by Govt. of TN. Open pan-India.
About this Service
Growthora provides comprehensive solutions for NEEDS Yojana [TN]. We ensure full compliance and seamless execution so you can focus on growing your business.
Key Benefits
- Project cost should be above ₹10 lakh, and below ₹5 crore.
- Rate of interest applicable to Micro & Small enterprises as per banking norms.
- Subsidy assistance will be provided by the State Government up to 25% of the project cost (Subject to a maximum limit of ₹75 Lakhs).
- Interest subvention provided at the rate of 3%, throughout the period of repayment.
Eligibility Criteria
- Applicant should be a resident of Tamil Nadu State for not less than 3 years.
- First Generation Individual Entrepreneur (Proprietorship) or Group of Entrepreneurs (Partnership).
- Applicant should be a first-generation entrepreneur.
- Entrepreneurship Development Programme (EDP) training is mandatory (1 Month).
- Age of the applicant should be between 21 to 35 years in general and for special (Women/BC/MBC/SC/ST/Ex-servicemen/Transgender/Differently abled), age relaxation is up to 45 years.
Documents Required
Basic KYC, business registration certificates, and project reports if applicable.
Frequently Asked Questions
What is the timeline for NEEDS Yojana [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.
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NEEDS Yojana [TN]
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