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 Campaigns Boost Transparency in MSME Udyam Registration Msme News MSEs to Benefit from No Foreclosure Penalties on Loan Prepayments: RBI Msme News MSME Secretary Advocates for Amendments to MSMED Act to Strengthen Dispute Resolution Msme News Finova Capital Secures $135M in Series E Funding to Fuel MSME Lending Growth Msme News Digital Push Empowers SC/ST Entrepreneurs: Over 59,000 MSMEs Onboarded on GeM Msme News India’s Manufacturing Growth Slows Slightly Amid Rising Costs Msme News Piyush Goyal at Startup Mahakumbh: A Reality Check for Startups Msme News New Research Highlights MSMEs’ Key Role in Strengthening India-UK Trade Relations Msme News Finance Ministry Directs PSBs to Pilot New Credit Assessment Model for MSMEs Msme News Minister Shobha Karandlaje Underscores MSME Sector’s Role in Nation-Building at SC-ST Hub Awareness Programme in Koraput
Be the first to comment