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 IPO News Afcons Infrastructure Set to Launch Major IPO in Early October Msme News MSMEs & Green Transition: Skilling and Loans Key to Success, Says WRI India CEO Msme News Ministry of MSME Issues SOP for Logo Usage by Industry Associations and NGOs Msme News Cabinet Approves Integrated Energy, MSME, and Food Processing Policies Msme News MSMEs Secure ₹999 Crore from NSIC Venture Capital Fund by July 2024 Msme News MSME Council Proposes Plan to Revive Struggling Small Industrial Units in Odisha Msme News Prospects Brightening for MSMEs in ITeS, Shows CRISIL SME Tracker Msme News Bridging Communication Gap: Atul Kumar, CEO at PhysicsWallah Msme News Covid Period Credit Guarantee Scheme Helped MSMEs Achieve Higher Net Profit Margins: RBI Study Msme News Govt Aims to Extend Additional ₹5 Trillion in Credit Guarantees Over the Next Two Years
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