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 UP International Trade Show: A Catalyst for MSMEs and ODOP, Says Minister Rakesh Sachan Msme News Commerce Ministry Reports 43% of New White Goods PLI Applicants Are MSMEs Msme News QCOs Are Helping MSMEs Make Better Products and Win Consumer Trust: Piyush Goyal Msme News Our Small Businesses Are Growing, But They Still Need a Helping Hand: President Droupadi Murmu on World MSME Day Msme News Govt. of India Revises MSME Classification Criteria Effective April 1, 2025 Msme News PM Vishwakarma Fair in Ludhiana Attracts Strong Public Response Msme News Bihar Disburses ₹2,900 Crore to 74,540 Beneficiaries to Promote MSMEs Msme News CBIC Extends Export Benefits to Courier Shipments to Boost E-Commerce Msme News India’s Electronics Component Scheme Attracts $13 Billion, MSMEs Emerging as Key Players Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs
Be the first to comment