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Loan/Subsidy

AABCS Assistance Program - (TN)

Loan/Subsidy Scheme

Government Scheme run by MSME. Open pan-India.

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CoverageLoan/Subsidy
AssistanceAvailable
Eligibility Assessment

Who Can Apply?

Verified criteria and borrower eligibility guidelines set by the Government of India.

Eligible Entities

Government Scheme run by MSME. Open pan-India.

Program Highlights

Key Features

Core benefits, guarantees, and subsidy structures under this flagship program.

Eligibility Criterion 1

Community: Must belong to the Scheduled Caste (SC) or Scheduled Tribe (ST) communities.

Eligibility Criterion 2

Residency: Should be a resident of Tamil Nadu.

Eligibility Criterion 3

Business Type: The enterprise should be a new venture or an expansion/diversification of an existing business.

Eligibility Criterion 4

Project Cost: The total project cost should be within the limits specified by the scheme guidelines.

Eligibility Criterion 5

Educational Qualification: There is no minimum educational qualification required for beneficiaries.

Advantages & Subsidies

Scheme 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
Step-by-Step Guide

Application Process

Step 01

Eligibility Assessment

Verify criteria and documentation requirements.

Step 02

Documentation & DPR

Prepare DPR, project reports and certifications.

Step 03

Portal Submission

File application through designated government portal.

Step 04

Sanction & Benefit

Track scrutiny, nodal verification, and fund disbursement.

Checklist

Documents Required

Keep the following paperwork ready for instant verification and fast processing.

Udyam Registration Certificate
PAN Card & Aadhaar of Promoters
Bank Statements & Financial Statements
Project Report / DPR (if applicable)
Got Questions?

Frequently Asked Questions

You can apply through the official government portal with the required documentation, or consult Growthora advisory for end-to-end guidance.
Fast-Track Processing

Get Started with AABCS Assistance Program - (TN)

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AABCS Assistance Program - (TN) - Government Scheme | Growthora