Any individual, above 18 years of age. The upper age limit for General Category is 35 years and for special category 45 years. The minimum educational qualification is passed in VIII Standard. The applicant should be a resident of the place for not less than 3 years. The family income of the beneficiary along with the spouse should not exceed ₹5,00,000/- per annum.

Capital expenditure loan, one cycle of working capital, and 10% of the project cost as own contribution in case of a general category and 5% of the project cost in case of a special category loan.

No

Yes

As per RBI guidelines, the Project Costs of up to ₹10 lakhs under UYEGP loans are free from Collateral Security. The Project can very well be covered under CGTMSE also.

No. Only new unit

District Industries Centres (DICs) of the concerned Districts and the Office of the Regional Joint Director of Industries and Commerce in respect of Chennai District will be the implementing agencies for the Scheme.

The scheme is applicable to all areas in the State including Rural and Urban Areas. All economically viable Manufacturing, Service, and Business Activities excluding direct Agricultural operations like raising of crops etc.,

All Nationalized Banks, Private Sector Banks, and Tamil Nadu Industrial Co-operative Bank

₹15 lakhs for Manufacturing Sector, ₹5 lakhs for Service Sector, ₹5 lakhs for Business Sector

10% on the Project Cost for General Category as Promoter’s contribution and 5% on the Project Cost for Special Categories (viz. Scheduled Caste / Scheduled Tribe / Backward Classes / Most Backward Classes / Minorities / Women / Ex-servicemen / Physically Challenged / Transgender) as owners’ contribution

The amount of the Bank Loan is 90-95% loan of the project cost. (Including Government Subsidy of 25%). Bank should release 90-95% of the project cost as a loan and then claim a subsidy.

The rate of interest is as per the guidance of RBI.

Repayment tenure will be 5 years or as fixed by the bank in accordance with the guidance of RBI.

3 years

No. It is not eligible.

In order to apply for the loan under UYEGP, the beneficiary should not have availed loan/ subsidy under any other State/ Central Govt scheme.

No, an Individual alone is eligible.

Model project profile and Project template are available to guide the entrepreneur in preparation of the Project Report on this website.

Beneficiaries will be selected through the interview process by the District Task Force Committee headed by the General Manager of the concerned District Industries Centre/Regional Joint Director, Chennai.

Task force Committee: Chairman: General Manager, District Industries Centre/Regional Joint Director, Chennai-32 Members : 1. Lead bank District Manager, 2. Tamil Nadu Adi Dravidar Housing and Development Corporation Limited (TAHDCO) 3. District Coordinators from Leading Banks in the Districts 4. Representative from District Micro, Small and Medium Enterprises Associations 5. Representative from National Small Industries Corporation Ltd / Micro, Small and Medium Enterprises Development Institute 6. District Employment Officer 7. Representative of Project Officer, District Rural Development Agency 8. Representative of Project Officer, Magalir Thittam.