NEW ENTREPRENEUR-CUM-ENTERPRISE DEVELOPMENT SCHEME (NEEDS)

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  In order to assist educated youth to become first generation entrepreneurs, a new scheme under the name “New Entrepreneur–cum-Enterprise Development Scheme (NEEDS)" was introduced based on the guidance of Hon’ble Chief Minister from the year 2012-13 onwards. Under this scheme, educated youth will be given entrepreneur training, assisted to prepare their business plans and helped to tie up with financial institutions to set up new business ventures.

They will be assisted to avail terms loans from Banks/Tamil Nadu Industrial Investment Corporation (TIIC) with capital subsidy at 25% of the project cost not exceeding Rs.25 lakhs and soft loans with 3% interest subvention. Around 1,000 entrepreneurs will be trained each year under this scheme. Under this scheme, at least 50% of the beneficiaries will be women. The Scheme was formally launched by the Hon’ble Chief Minister on 20.02.2013

Special Features
• The Scheme is applicable for first generation Entrepreneurs only.
• Educated youth with any Degree, Diploma, ITI/Vocational Training from recognised institutions, aspiring to become entrepreneurs would be eligible.
• The applicant should be a resident of Tamil Nadu for not less than 3 years.
• 50% of allocation would be earmarked for Women.
• Capital subsidy at 25% of the project cost not exceeding Rs.25 lakhs.
• Soft loans with 3% interest subvention.

How To Apply
     
The applicants aspiring to apply shall submit the application online by clicking 'Application Filing' menu in the home page.

      Hard copy of the printed application in duplicate duly signed along with a brief project profile with copies of relevant certificates such as proof of age, educational qualification and community shall be submitted at the respective District Industries Centres / Regional Joint Director of Industries and Commerce, Chennai.

     If an applicant unable to download the copy of the application filed in first attempt, please go to home page and click on 'Status/Duplicate' in the top and enter the application number, press submit. You can view the current status and also can download the copy of your application.


  Required Documents
Regarding Applicant :
* Proof of Age (copy of birth certificate or Transfer Certificate from School/College)
* Proof of Residence (Ration Card or Resident Certificate obtained from Tahsildar)
* Copy of Degree/Diploma/Certificate Course completion certificate
* Community Certificate 
* Proof for Ex-servicemen - in case of Ex-servicemen
* Proof for differently-abled - in case differently-abled person
* Proof for Transgender - in case of Transgender
* Sworn affidavit obtained from Notary Public in Rs.20/- Stamp paper

Regarding Unit :
* EM Part-I acknowledgement obtained from the office of DIC / RJD, Ch – 32.
* Copy of Land document if included in the Project Cost 
* Estimate of Building obtained from Chartered Civil Engineer 
* Quotations for machinery or equipments 
* Project Report 

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