Subsidy for Fund Raising from SME Exchange
The scheme "Subsidy for Fund Raising from SME Exchange" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced with the objective to facilitate high growth potential SMEs in the State to raise equity capital through SME Exchange utilizing IPOs.
About This Scheme
Benefits
₹30.0 L
Assistance with a maximum of ₹ 30,00,000, subject to 50% of the total expenditure incurred on SME IPO.
Eligibility
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Required Documents
- ✦Copy of UDYAM Registration Certificate.
- ✦Attested Copy of Tangedco Meter Card.
- ✦if the Enterprise is Functioning in Its Own Land: Copy of the Land Purchase Deed, Duly Signed by the Applicant.
- ✦if the Enterprise is Functioning in a Leased Land/building: Copy of the Lease Agreement Deed Executed in Stamp Paper of ₹ 100/-, for a Minimum Period of 11 Months From the Date of Commencement of Commercial Production.
- ✦Copy of Machinery Invoice.
- ✦Copy of First Sale Invoice Raised After the Commencement of Commercial Production.
- ✦Copy of Sme Exchange Registration.
- ✦Copy of Proof of Listing in Exchange.
- ✦Proof of Details of Expenditure Incurred for Listing in Exchange [certified by Chartered Accountant].
✦ Required ◦ Optional
How to Apply
Visit the Official Website/Portal of the Micro, Small, and Medium Enterprises Department of the Government of Tamil Nadu. In the top ribbon, click " Login / Registration ". In the registration form, fill in the mandatory details accurately, Name, Date of Birth, Aadhaar Number, Email ID, and Mobile Number. Create a new password. The password must contain a minimum of 8 characters, 1 Upper Case Letter, 1 Lower Case Letter, and 1 Numeric Field. Fill in the captcha code, and click "Register". After
Quick Info
- Level
- Central Government
- Max benefit
- ₹30.0 L