New Entrepreneur-Cum-Enterprise Development Scheme (NEEDS)

• “New Entrepreneur-Cum-Enterprise Development Scheme (NEEDS)” was launched by Government of Tamil Nadu. The scheme aims to provide training to young first-generation entrepreneurs in conceiving, planning, initiating, and launching manufacturing or service enterprises successfully. 

• Under this scheme, State Government will provide a 25% capital subsidy. 

•  Applicant should be a resident of the State of Tamil Nadu 

• Minimum age limit is 21 & Maximum age limit is 45yrs.

Note: Women/ BC/ MBC/ SC/ ST/ 

       Ex-servicemen/ Transgender/ Differently abled, age relaxation is up to 55 years. 

• Minimum of Rs 10 lakhs & Maximum of Rs 5 Crore 

•  The applicant should possess a minimum 12th std./diploma/ Industrial Training Institutes (ITI) or vocational training from a recognized Institution 

• The State Government will provide a 25% capital subsidy on the Eligible Project Cost, not exceeding Rs 75 lakhs.

•  Additional 10% capital subsidy is provided for the eligible project cost to the enterprises promoted by SC/ST or differently-abled candidates. 

• Identity Proof

• Copy of PAN Card

• Passport size Photo

• Project Report

• Proof of age

• Caste/ Community Certificate

• Residence Proof

• Bank Account Details

• Any Other document if required.