Tamil Nadu Budget 2025: ₹1,918 Crore Allocated to Boost MSME Growth March 15, 2025 MSME Sampark Msme News 0 Chennai: In a major push for the Micro, Small, and Medium Enterprises (MSME) sector, Tamil Nadu Finance Minister Thangam Thennarasu announced an allocation of ₹1,918 crore in the state’s 2025-26 budget, aimed at strengthening industrial growth, job creation, and innovation. Nine New Industrial Estates The Tamil Nadu Small Industries Development Corporation (SIDCO) will develop nine new industrial estates across the state with an investment of ₹366 crore, expected to generate around 17,500 jobs. ₹2.5 Lakh Crore MSME Credit Plan Banks in Tamil Nadu are set to disburse ₹2.5 lakh crore in loans to 10 lakh MSMEs in 2025-26, reinforcing financial support for the sector, which already comprises over 32 lakh registered enterprises. Startup & Innovation Support The government continues to strengthen the startup ecosystem with a ₹20 crore Tamil Nadu Startup Seed Fund under TANSIM (Tamil Nadu Startup and Innovation Mission). Additionally, a ₹10 crore ‘Space Tech Fund’ has been announced to encourage space technology startups. Chennai will soon house a satellite testing and incubation facility to support entrepreneurs in the sector. Manufacturing & EV Growth With Tamil Nadu emerging as a leader in electronics and electric vehicle (EV) manufacturing, the state’s electronics exports are projected to surpass $12 billion in 2024-25. These initiatives highlight the state’s commitment to MSME development, entrepreneurship, and innovation, fostering a business-friendly ecosystem for sustainable economic growth. Disclaimer: This summary is for informational purposes and readers should verify specific details through official reports or consult industry professionals for comprehensive insights. Popular Articles Msme News Digital Sampark Hosts Hospitality Summit 2025 with Support from MSME Sampark Msme News Government Implements Various Schemes to Boost MSME Sector, Says FM Sitharaman Msme News EEPC India’s Platinum Jubilee: President Murmu Highlights MSMEs’ Role in Building Innovation Economy Msme News New Safety Regulations for Machinery, Equipment to Impact MSMEs: GTRI Msme News MSME Loan Portfolio Expands by 17.8% to ₹64.1 Trillion in FY24: Report IPO News Sodhani Academy of Fintech Enablers IPO: Day 3 – Subscription Status, GMP, Key Dates, and More Msme News Digitalization Boosts MSME Lending: SBI Chairman Highlights Government Initiatives Msme News Global Cleantech Expo Odisha Mobilises 5,000+ MSMEs for Clean Energy Growth Msme News Over 75,000 MSMEs Shut Down Since COVID, Government Plans Credit Support Msme News Indo-German Chamber Announces New MSME & Skill Development Partnerships in India
Be the first to comment