The scheme “Annal Ambedkar Business Champions Scheme (AABCS)” was launched by the Department of Micro, Small and Medium Enterprises, Government of Tamil Nadu.
The scheme “Annal Ambedkar Business Champions Scheme (AABCS)” was launched by the Department of Micro, Small and Medium Enterprises, Government of Tamil Nadu.
1. Under the scheme, the State Government will provide a 35% capital subsidy on the Eligible Project Cost, not exceeding ₹1.5 Crore. 1. A 6% interest subvention will be given for loans sanctioned under this scheme. **Note 01:** Interest subvention will be given to loans sanctioned by scheduled Commercial Banks, Co-Operatives Banks, Tamil Nadu Industrial Investment Corporation, and Non-Banking Financial Companies (NBFCs) during the tenure of the loan not exceeding 10 years. **Note 02:** The capital subsidy sanctioned will be provided frontend to the extent necessary to constitute margin money requirement for credit linkage. **Note 03:** The working capital sanctioned for the project shall be eligible for interest subvention for a period not exceeding 2 years.
Step 1: Online application — step 1
Step 01: The applicant willing to avail loan under the AABCS scheme should fill up the online application through the Official Website of the Micro, Small and Medium Enterprises Department, Government of Tamil Nadu. Step 02: On the home page, click on “Apply Online” and then “New Application”. Step 03: Click on ‘Register’ and fill in the details like Name, Date of Birth, Email ID, Aadhaar Number & Mobile Number. Step 04: After successful registration, click on ‘login’ and fill in all the mandatory details. Step 05: Upload all the necessary documents and submit the application form.
Step 2: Online application — step 2
Dos and Don’ts While Filing Online Application
Applications are accepted only on the official government portal.
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