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 MSME Loan Portfolio Expands by 17.8% to ₹64.1 Trillion in FY24: Report Msme News Indo-German Chamber Announces New MSME & Skill Development Partnerships in India Msme News LLP vs Pvt Ltd – What’s the Difference? Msme News MSMEs Contribution to Economy Set to Rise to 40% by 2027: U Grow Report Msme News MSMEs: India’s Biggest GDP Contributor, Says FM Nirmala Sitharaman at IFQM Annual Symposium Msme News Digital Campaigns Boost Transparency in MSME Udyam Registration Msme News India and UK Sign Comprehensive Economic and Trade Agreement (CETA) Msme News Jammu Industrialists Seek Chief Minister’s Intervention for MSME Revival Msme News CM Hemant Soren Places Key Development Demands at Eastern Zonal Council Meeting IPO News Kalana Ispat IPO: Strong Demand, Latest GMP, and Subscription Status
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