(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 /.
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