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 Covid Period Credit Guarantee Scheme Helped MSMEs Achieve Higher Net Profit Margins: RBI Study Msme News RBI Regional Director Urges Public Sector Banks to Boost MSME Lending Msme News Centre to Introduce Collateral-Free Loan Schemes for MSMEs: Nirmala Sitharaman Msme News FISME and GAME Organize High-Level Roundtable on MSME Financing in New Delhi Msme News Government Bridges Credit Gap for MSMEs in Recent Years, Says MSME Development Commissioner Msme News Goa’s First MSME Maritime Cluster Receives Fresh Momentum with New Tenders IPO News Solarium Green Energy Files for IPO with BSE SME Msme News Coimbatore MSMEs Appeal to Government Against Proposed Steel Import Duty Hike Msme News MSME Council Proposes Plan to Revive Struggling Small Industrial Units in Odisha Msme News Fabindia Partners with Ministry of MSME to Empower India’s Traditional Artisans Under PM Vishwakarma Scheme
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