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Objective
- To assist educated youths to become first generation entrepreneurs.
Key Benefits
- Subsidy provided for 25% of project cost; subject to a maximum of INR 75 lakh.
- Interest subvention provided at the rate of 3%, throughout the period of repayment.
- Priority in allotment in Small Industries Development Corporation (SIDCO) industrial estates.
- An additional capital subsidy provided for 10% over the capital subsidy of eligible project cost to the enterprises promoted by SC/ ST or differently-abled candidates.
Eligibility Criteria
- Applicant must be a first-generation entrepreneur.
- Age: 21–35 for General, up to 45 for Special categories.
- Minimum qualification: 12th pass, diploma, ITI, or vocational training from a recognized institution.
- Must be a Tamil Nadu resident for at least 3 years.
- Project cost must be between INR 10 lakh and INR 5 crore.
- General category must contribute 10% of project cost.
- Special category must contribute 5% of project cost.
- Entrepreneurship Development Programme (EDP) training is mandatory.
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