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 Secretary Advocates for Amendments to MSMED Act to Strengthen Dispute Resolution Msme News Political Parties Look at MSME Sector as Vote Bank Msme News 53% of Citizens Face Financial Scams in Last 5 Years, MSME Ministry Issues Urgent Warning Msme News Akme Fintrade Partners With MAS Financial for Streamlined MSME Financing Msme News “Indian Small Businesses are Tech Savvies…” Vijay Shekhar Sharma, CEO at Paytm Msme News New Safety Regulations for Machinery, Electrical Equipment Pose Emerging Challenges for MSMEs: Infomerics Ratings Msme News Tamilnad Mercantile Bank (TMB) Focuses on MSME Growth, Partners with McKinsey for Strategy Development Msme News Fabindia Partners with Ministry of MSME to Empower India’s Traditional Artisans Under PM Vishwakarma Scheme Msme News RBI Regional Director Urges Public Sector Banks to Boost MSME Lending Msme News New Trade Connect e-Platform for Exporters: Everything You Need to Know
Be the first to comment