TIIC is intended to assist entrepreneurs that wish to establish fishing net manufacturing facilities in the region. As a result, the New and Existing Entrepreneurs Scheme Tamilnadu intends to give complete financial aid to all small, medium, and large-scale businesses. In addition, service sector units are involved in a new project or are working to develop, improve, or expand an existing project. As a result, the primary goal is to assist all aspiring and established entrepreneurs.

What is the purpose of TIIC’s New and Existing Entrepreneurs  Scheme in Tamil Nadu?

• First, consider purchasing the land.
• Second, for the construction of the structure, purchasing and erection of machinery.

What are the eligibility requirements for the General Scheme for New and Existing Entrepreneurs in Tamil Nadu?

• All MSME units.
• Small and medium-sized industries
• Large-scale industries.
• Service Sector Units
• Non-MSME units.
• All the proprietorial firms, partnership firms, private limited companies, public limited companies, and limited liability partnership firms.

What are the benefits of the General Scheme?

First, you gain an edge in the Contribution to Promoters. That is set for all customers. To clarify, that is 35% for new units and 25% for existing enterprises.

Second, in Deby equity, you can acquire a loan of up to Rs.10 lakh, which is comparable to DER 3:1. Furthermore, a loan of more than Rs.10 lakh yields DER 2:1. Additionally, the repayment duration is approximately nine years. This also includes the initial two-year embargo. Furthermore, the collateral security is 50% of the loan amount, and the entire loan amount is in highly moveable assets. So, these are the basic benefits provided by Tamil Nadu’s General Scheme for New and Existing Entrepreneurs.

What are the documents required for this scheme?

• KYC documents
• Proof of identification: Aadhar card, PAN card, passport, voter ID.
• Proof of Residential Address
• Business address evidence
• Required documents include a projected balance statement or project report, Business registration – Required documents include partnership title, certified copies of MOA/AOA, and a bank statement. Six months ago.