Tansidco or Tamil Nadu Small Industries Corporation Limited would be establishing 4 industrial estates for MSME units in places like Tiruvallur, Chengalpet, Trichy and Madurai. An amount of Rs 218.22 crores would be spent on this. The main objective behind this is to ensure balanced industrial growth across Tamil Nadu.
The sensational piece of information that has come out is that these 4 industrial estates would create 7000 jobs. This was according to Mr. T. M.Anbarasan, rural industries minister.
It is now said that Manaparai in Trichy, Sakkimangalam in Madurai, Kaverirajapuram in Tiruvallur and Kodur in Chengalpet in the state of Tamil Nadu would have industrial clusters.
With Rs 9.06 crore TAMIL NADU grant, a private industrial park would also be established in Kinathukadavu belonging to the Coimbatore district. Coimbatore Sidco Industrial Estate Association or COSIEMA would be playing its role in the establishment of this park. It is brought out that this industrial estate would create 1000 jobs in the future.
Under the new entrepreneur cum enterprise development scheme or NEEDS, MSME department has increased the capital subsidy by 50percent that is from Rs 50 lakhs to Rs 75lakhs. Information is that the educational qualification for assistance under the scheme would be plus two. It is learnt that through TANSEED the Tamil Nadu state would be providing grants of Rs 10lakhs each to 50 startups in 2021.
Mr Arun Roy, secretary, MSME spoke about how in the past the minimum qualification was graduation or polytechnic qualification. The new move would make more youngsters become self-employed. Fact is that earlier large numbers of plus two qualified could not get any benefit from this scheme. It is worthy to note that the industries and MSME departments have initiated a MoU between TIIC and TAICO Bank and this is regarded as another important step.