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 Government Introduces Simplified GST Registration for Small and Low-Risk Businesses Msme News Political Parties Look at MSME Sector as Vote Bank Msme News NAFCUB Urges UCBs to Boost MSME Lending, Focus on Economic Growth Msme News FISME and GAME Organize High-Level Roundtable on MSME Financing in New Delhi Msme News Punjab CM Urges NITI Aayog for Industrial Incentives to Boost MSME Growth and Exports Msme News Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Patent Registration Msme News “MSMEs are the backbone of our economy, creating jobs and driving growth,” says PM Modi Msme News Govt Launches ₹5 Lakh Grant Scheme for New MSMEs Msme News Ministry of MSME prepared for Special Campaign 5.0 on ‘Institutionalizing Swachhata and Minimising Pendency’ Msme News MSMEs: India’s Biggest GDP Contributor, Says FM Nirmala Sitharaman at IFQM Annual Symposium
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