Annal Ambedkar Business Champions Scheme
in Tamil Nadu
Last updated:
Key dates and updates (Tamil Nadu)
Nationwide and Tamil Nadu-specific milestones. Verify on the official portal before you apply.
| Milestone | Date |
|---|---|
| Scheme launch |
Annal Ambedkar Business Champions Scheme in Tamil Nadu
Annal Ambedkar Business Champions Scheme is a government scheme available to eligible residents of Tamil Nadu.
Apply for Annal Ambedkar Business Champions Scheme in Tamil Nadu
Scheme Overview
The scheme “Annal Ambedkar Business Champions Scheme (AABCS)” was launched by the Department of Micro, Small and Medium Enterprises, Government of Tamil Nadu.
Eligibility Criteria
The applicant should be a resident of the State of Tamil Nadu.
The beneficiaries shall be persons belonging to SC/ST communities. Enterprises supported under the scheme shall be 100% owned by persons belonging to SC/STs. The enterprises may have any legal personality allowed to conduct business for profit as per prevailing laws which include sole proprietorship, partnership, and company.
The scheme can support both new enterprises and expansion of existing enterprises.
The eligible enterprises can be business enterprises in the areas of manufacturing and services. Trading-related projects which are above the threshold of assistance under the existing Unemployed Youth Employment Generation Programme (UYEGP) scheme will also be covered.
The age limit for beneficiaries will be 55 years.
There shall be no minimum educational qualification for beneficiaries.
There will be no bar on the beneficiary to claim additional capital subsidy from schemes operated by agencies not controlled by the Government of Tamil Nadu. This will include the Credit Linked Capital Subsidy Scheme (CLCSS) of the Union Government, schemes of Coir Board, etc.,
Entrepreneurship Development Training will be given to all beneficiaries by Entrepreneurship Development and Innovation Institute, as done in the case of the New Entrepreneur-cum- Enterprise Development Scheme (NEEDS).
**Note 01:** The scheme will cover new entrepreneurs and existing entrepreneurs.
**Note 02:** Eligible Project Cost shall include all investments of a capital nature and will include land, plant, machinery, testing equipment, and computing devices, Cost of land may be taken into account for the purposes of calculating subsidy which should not exceed 20% of the total project cost. Vehicles shall be considered as part of project cost only in cases where the vehicle is integral to the business process as in the case of taxi and lorry business, earth moving equipment, bore well drilling, sanitary service equipment like Jet Roding machines, etc.,
**Note 03:** This training will be given even for prospective applicants or their wards where subsidy applications are under process. Convergence with existing training schemes of the Government, including the Tamil Nadu Skill Development Corporation (TNSDC) will also be implemented for this purpose.
Benefits
Under the scheme, the State Government will provide a 35% capital subsidy on the Eligible Project Cost, not exceeding ₹1.5 Crore.
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.
Required Documents
| # | Document |
|---|---|
| 1 | Identity proof i.e. copy of Election ID Card/ Aadhaar card |
| 2 | Copy of PAN Card |
| 3 | Passport size photo |
| 4 | Proof of age |
| 5 | Caste/Community Certificate |
| 6 | Residence proof |
| 7 | Bank account details |
| 8 | Any other documents, if required |
How to Apply in Tamil Nadu
Dos and Don’ts While Filing Online Application
Online Dos and Don’ts While Filing Online Application
Common questions in Tamil Nadu
Who can apply for Annal Ambedkar Business Champions Scheme in Tamil Nadu?
Eligible residents of Tamil Nadu who meet the scheme’s overall criteria can apply for Annal Ambedkar Business Champions Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Annal Ambedkar Business Champions Scheme in Tamil Nadu?
Applicants in Tamil Nadu typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
What are the important dates for Annal Ambedkar Business Champions Scheme?
Key dates are summarized in the table on this page, from 1 April 2023 through 1 April 2023, based on values DeshSeva currently stores for this item.
Frequently Asked Questions
The beneficiaries shall be persons belonging to SC/ST communities. Enterprises supported under the scheme shall be 100% owned by persons belonging to SC/STs. The enterprises may have any legal personality allowed to conduct business for profit as per prevailing laws which include sole proprietorship, partnership, and company.