Annal Ambedkar Business Champion Scheme: Online Registration, Eligibility Criteria

TN Annal Ambedkar Business Champion Scheme Online Registration, Check Eligibility @ www.msmeonline.tn.gov.in – Annal Ambedkar Business Champion Scheme has been started by the Government of Tamil Nadu to promote the economic development of the Scheduled Caste and Scheduled Tribe citizens of the state. The members of the Scheduled Castes and Scheduled Tribes categories of the state will be supported for economic development by the government through this scheme. The announcement to start this scheme has been made by the government in the Tamil Nadu budget speech of 2023-2024, in today’s article we are going to provide you all the information related to TN Annal Ambedkar Business Champion Scheme. [Also Read- TN Labour Online Registration 2023: Application Form at labour.tn.gov.in]

Annal Ambedkar Business Champion Scheme 2023

In the state of Tamil Nadu, the TN Annal Ambedkar Business Champion Scheme has been announced to be launched on March 20, 2023, during the presentation of the 2023-24 budget of Tamil Nadu by the state finance minister in the state assembly. The economic development of the SC/ST entrepreneurs of the state will be supported through this scheme, in addition to a capital subsidy of 35% and an interest subsidy of 6%, for loans used to purchase machinery and equipment TN Annal Ambedkar Will be provided through the Business Champion Scheme. An amount of Rs 100 crore has been earmarked by the state government for this scheme in the budget of 2023-2024. [Also Read- TN Free Tablet Scheme 2023: Online Registration, Eligibility, Beneficiary List]

Overview of Annal Ambedkar Business Champion Scheme

Scheme NameAnnal Ambedkar Business Champion Scheme
Launched ByFinance Minister of Tamil Nadu State
Year2023
BeneficiariesSC/ST Entrepreneurs of the State
Application ProcedureOnline
ObjectiveTo encourage economic development of SC/ST business owners by providing capital subsidy and interest rate concessions for loans to purchase machinery and equipment
BenefitsEconomic development of SC/ST business owners will be encouraged by providing capital subsidy and interest rate concessions for loans to purchase machinery and equipment
CategoryTamil Nadu Government Schemes
Official Website————-

Objectives of Annal Ambedkar Business Champion Scheme

The main objective of TN Annal Ambedkar Business Champion Scheme is the economic development of the scheduled caste and scheduled tribe citizens of the state. A budget of about Rs 100 crore has been earmarked by the state government during the announcement of the budget for the financial year 2023-2024. Additionally, entrepreneurs from SC and ST groups will be easily supported through this budget under the Annal Ambedkar Business Champion Scheme. [Also Read- (Registration) TN illam Thedi Kalvi Scheme 2022: Application Form]

Benefits of Annal Ambedkar Business Champion Scheme

  • The Annal Ambedkar Business Champion Scheme, launched by the State Finance Minister, will be operated by the MSME Department on May 12, 2023.
  • Through this scheme 35% capital subsidy up to Rs 1.5 crore and 6% interest subsidy for starting a new manufacturing, service or business operation or expanding an existing one will be provided to all the beneficiaries of the state.
  • Under this, the approved working capital of the project will be eligible for interest subsidy for a maximum of two years.
  • The state government has not prescribed any kind of educational requirement under this scheme, along with this, the age of all the applicants should be less than 55 years.
  • Capital subsidy will exist as per the requirements of the Government for the entire project cost including investment in land (up to 20% of the total project cost), equipment and machinery.
  • In addition, a retired banker will be selected for each district to serve as a credit mentor.
  • On the contrary, a State Level Steering Committee will be set up to oversee the operation of the program on a quarterly basis.
  • Entrepreneurship Development and Innovation Institute also provided training to the selected recipients through TN Annal Ambedkar Business Champion Scheme.

Procedure to Register on the Portal

All the citizens of the state who want to register on the Micro, Small and Medium Enterprises Department portal can register under the portal by following the following procedure:-

  • First of all, you have to go to the official website of the Department of Micro, Small and Medium Enterprises (MSME), after that the homepage of the website will open in front of you.
Annal Ambedkar Business
  • On the homepage of the website, you have to click on the option of login / registration, after that the next page will open in front of you.
  • Here you have to click on the option of register, now the registration form will be displayed in front of you.
  • Now you have to enter the details of all the information asked in the form like name, date of birth, mobile number, Aadhaar number, email ID etc.
  • Now you have to create a password, and enter the captcha code, after that you have to click on the option of register.
  • By following this process, you can conveniently register on the Department of Micro, Small and Medium Enterprises portal.

Procedure to Do Login to the Portal

  • First of all, you have to go to the official website of the Department of Micro, Small and Medium Enterprises (MSME), after that the homepage of the website will open in front of you.
  • On the homepage of the website, you have to click on the option of login / registration, after that the next page will open in front of you.
  • Here you have to enter the details of the information asked like- email id or mobile number and password and captcha code etc.
  • Now you have to click on the option of login, by following this process you can login to the portal.

Procedure to Do Dept. Login on the Portal

  • First of all, you have to go to the official website of the Department of Micro, Small and Medium Enterprises (MSME), after that the homepage of the website will open in front of you.
  • On the homepage of the website, you have to click on the option of Dept Login, after that the next page will open in front of you.
  • Here you have to enter the details of the information asked like- username and password, captcha code etc.
  • After this you have to click on the option of login, by following this process you can login the department.

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