Annal Ambedkar Business Champions Scheme

The scheme “Annal Ambedkar Business Champions Scheme (AABCS)” was launched by the Department of Micro, Small and Medium Enterprises, Government of Tamil Nadu. The Government of Tamil Nadu noted that the share of persons from Scheduled Caste and Scheduled Tribe communities who avail of various entrepreneurship promotion subsidies from the Government is very low. In order to promote the economic development of SC/ST entrepreneurs, this scheme has been launched by the Government of Tamil Nadu. The new scheme will provide a 35% capital subsidy and offer a 6% interest subvention for loans to procure machinery and equipment. This scheme shall be implemented by the Micro, Small and Medium Enterprises Department through the Industries Commissioner and Director of Industries & Commerce (ICDIC). The Industries Commissioner and Director of Industries and Commerce shall be assisted by FaMeTN, Entrepreneurship Development and Innovation Institute, and StartupTN with manpower and other resources for implementing the Scheme. A State Level Steering Committee for the scheme shall be constituted with the Secretaries of Finance, Micro, Small and Medium Enterprises, Adi Dravidar and Tribal Welfare Departments, Industries Commissioner and Director of Industries and Commerce, Commissioner of Adi Dravidar Welfare and Commissioner of Tribal Welfare. This Committee will review the scheme once a quarter and suggest necessary modifications, if necessary.