The Micro, Small and Medium Enterprises Department, Government of Tamil Nadu introduced the scheme Unemployed Youth Employment Generation Programme (UYEGP) which aims to mitigate the unemployment problems of socially and economically weaker section of the society
In accordance with the G.O Ms No 49 MSME Dept dated 29.10.2012, the educated youth will be given entrepreneur training, assisted to prepare their business plans and helped to tie up with financial institutions so as to set up new Manufacturing and Service ventures. The beneficiary must be a First Generation Entrepreneur.
SSI means Small Scale Industries and the name has changed to MSME meaning Micro, Small, Medium Enterprises. Based on the investment range your business will be categorized as Micro or Small or Medium enterprise in both manufacturing and service sectors.
MSME Registration is a most dominant media to avail many numbers of benefits under MSMED act
1% exemption on interest rate on OD
Collateral Free loans from banks with 2% concession on interest rate
Reimbursement of ISO certificate Expenses
Collateral Free loans from banks with 2% concession on interest rate.
Reimbursement of ISO certificate Expenses.
Preference in Procuring Government Tenders.
Very easy to get Licenses, approvals and registrations on any field for your business.
15% CLCSS subsidy on fully automatic machinery bought under bank loan.