Tamil Nadu Moots CARE Scheme For Covid-Hit Msmes| MENAFN.COM

Friday, 12 August 2022 02:27 GMT

Tamil Nadu Moots CARE Scheme For Covid-Hit Msmes

(MENAFN- KNN India) Tamil Nadu moots CARE scheme for Covid-hit MSMEs

Virudhunagar, Aug 5 (KNN) Micro, Small and Medium Entrepreneurs (MSMEs) in Tamil Nadu that were impacted during the Covid-19 have been invited to apply for the subsidy-linked assistance under COVID Assistance and Relief to Entrepreneurs (Care).

The new scheme shall consists of two components - Care 1 and Care 2.

During 2020-21 and 2021-22 entrepreneurs who were commercially hit by Covid can come forward on their own under Care 1 plan.

Or their legal heirs can come forward for resurrecting the same organisation or a similar organisation or any other industrial unit with subsidy-linked assistance.

They can get 25 per cent or a maximum of Rs 25 lakh subsidy on machineries but the ceiling for the project estimate should be Rs 5 crore.

The applicant should be within 55 years of age with a Plus Two qualification.

Under the plan, not only production units but also service units can benefit and those who had got subsidy-linked loan before 2020 were eligible under this scheme.

Under Care 2 plan, MSME unit, affected during COVID, can seek assistance for technical upgradation or modernisation with 25 per cent subsidy with a maximum subsidy of Rs 25 lakh on the cost of machineries.

Applications for Care can be downloaded from /. 

(KNN Bureau)


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