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 New Research Highlights MSMEs’ Key Role in Strengthening India-UK Trade Relations Msme News How to Succeed in Business – Insights from Corporate Gifting Expert Shubhanshu Agarwal Msme News 53% of Citizens Face Financial Scams in Last 5 Years, MSME Ministry Issues Urgent Warning Msme News Jammu Industrialists Seek Chief Minister’s Intervention for MSME Revival Msme News MSME Priority Lending Surges to ₹26 Lakh Crore in September: RBI Data Msme News Faster Access to Capital for MSMEs: A Game-Changer for Growth Msme News Financial Inclusion: Need to Bridge Gender Gap in MSME Sector, Says RBI’s Swaminathan Msme News Gujarat Government Announces Relief Package for Flood-Hit MSMEs in Vadodara Msme News Cabinet Approves Integrated Energy, MSME, and Food Processing Policies Msme News Angel Tax Abolition, Boost For MSMEs, and More: How Modi Govt 3.0 is Striving for Ease of Doing Business
Be the first to comment