Tamil Nadu has emerged as one of the leading states for starting up business in India. An annual Small and Medium Enterprises (SME) survey conducted by India SME Forum in June 2014 reveals that Tamil Nadu is the most preferred destination for start-ups, as the state has a highly entrepreneur friendly conductive business climate. Unemployed Youth Employment Generation Programme (UYEGP) provides financial assistance to economically backward classes in manufacturing, service and business sector except any direct agricultural activities like raising crops.
Maximum project cost
|Manufacturing Sector||5 lakh|
|Service Sector||3 lakh|
|Business Sector||1 lakh|
At the rate of 15% of the project cost, subsidy will be provided to the beneficiaries.
A compulsory training of 7 days will be given to the beneficiaries in Entrepreneur Development Programme organized by Entrepreneur Development Institute of Government of Tamil Nadu.
District Industries Centre (DICs) of the concerned Districts and the Office of the Regional Joint Director of Industries and Commerce in respect of Chennai District