Incentives

MICRO, SMALL AND MEDIUM ENTERPRISES DEPARTMENT

DISTRICT INDUSTRIES CENTRE, ARIYALUR

New Entrepreneur-cum-Enterprise Development scheme(NEEDS)

Under this scheme, educated youth will be given entrepreneur training, assisted to prepare their business plans and helped to tie up with financial institutions
to set up new manufacturing and service ventures. The beneficiary must be a First Generation Entrepreneur.

Project Cost :            Minimum Project cost will be above Rs.5.00 Lakhs and the
                                    maximum Project Cost will be Rs.1.00 Crore.
 
Subsidy          :           25% of the Project Cost not exceeding Rs.25.00 lakhs
with 3% interest subvention to be provided by State Government.
For projects costing more than Rs. 1.00 Crore, subsidy component
will be restricted to Rs. 25.00 lakhs.

Age                 :           Minimum 21 years
                                    Maximum 35 years for General category
                                    45 years for Special category(SC/ST/BC/MBC/Ex-servicemen/
                                    Minorities/Transgenders/Differently abled persons)

Educational   }           Degree, Diploma, ITI / Vocational training from Recognised
Qualification  }:          Institutions

           
Promoters      }           10% of the project cost for General category entrepreneurs
Contribution  }:          and 5% of the project cost for Special category Entrepreneurs.

Reservation     :         SC                      : 18%
                                    ST                      :   1%
                                    Differently abled :   3%
                                    Under this scheme, at least 50%        of the beneficiaries will be
                                    women with priority accorded to destitute women subject to
                                    the condition that they possess the required qualification.
(In case the required number of candidates are not available
to fill the reservation under SC/ST/ Differently abled candidates,
the General Managers of District Industries Centres may consider other categories of eligible candidates )

Income ceiling:          There will be no income ceiling for assistance setting up
                                    Projects under this scheme.                                                   .

Partnership    :           Proprietory & Partnership concerns are  eligible for assistance

Training         :           Entrepreneurship Development Training (EDP) training will be
                                    given for 1 month with stipend.
                                   
Other conditions:      Assistance under the Scheme is available only for NEW
                                    Projects for which loans sanctioned specifically under the NEEDS.

                                    Entrepreneurs who have already availed subsidy linked loans
                                    under other State Government / Government of India schemes
                                    such as Prime Minister Rojgar Yojana(PMRY),Rural Employment
                                    Generation Programme (REGP),Prime Minister’s Employment
                                    Generation Programme(PMEGP), Unemployed Youth Employment
                                    Generation Programme(UYEGP) ,TamilNadu Adi Dravidar Housing
                                    and  Development Corporation Limited (TAHDCO) and Self help
                                    group will not be eligible for assistance under NEEDS.
  
                                    The applicant should not be a defaulter to any Commercial Bank/
                                    Tamil Nadu Industrial Investment Corporation Limited (TIIC)

PROSPECTIVE PROJECTS IN ARIYALUR DISTRICT :-
MANUFACTURING SECTOR
1.Engineering Works, Sheet metal works and fabrication works
2.Coir  Industries (Coir fibre, curled coir, Rubberised coir mattresses, PVC tufted Coir mats,
   Coir pith blocks)
3. Digital Printing (Flexography)
4. Non Woven Fabrics, Readymade garments
5. Plastic Industries (PVC pipes, Rubber moulded  components
6. Food products such as Curry leaf processing, Spices powder, Grain flour and Bakery
   products
7. Rice Mill, Flour mill, Oil mill
8. Cold storage
9. Fly ash bricks , Hallow Blocks
10. Oil extraction  
                        
SERVICE SECTOR
Repairing and servicing of automobile vehicle, Computerized wheel alignment, Automatic tyre change, Internet Browsing centre, Photo processing centre, etc.

BUSINESS ACTIVITIES ARE NOT ELIGIBLE

TARGET FOR ARIYALUR DISTRICT FOR THE YEAR 2013-2014