Under the scheme, the State Government will provide a 35% capital subsidy on the Eligible Project Cost, not exceeding тВ╣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.
Eligibility (who can apply)
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. Vehicle
How to Apply
**Online**
**Step 01:** The applicant willing to avail loan under the AABCS scheme should fill up the online application through the [Official Website](https://msmeonline.tn.gov.in/aabcs/aabcs_desc.php) of the Micro, Small and Medium Enterprises Department, Government of Tamil Nadu.
**Step 02:** On the home page, click on тАЬApply OnlineтАЭ and then тАЬNew ApplicationтАЭ.
**Step 03:** Click on тАШRegisterтАЩ and fill in the details like Name, Date of Birth, Email ID, Aadhaar Number & Mobile Number.
**Step 04:** After successful registration, click on тАШloginтАЩ and fill in all the mandatory details.
**Step 05:** Upload all the necessary documents and submit the application form.
[Dos and DonтАЩts While Filing Online Application](https://msmeonline.tn.gov.in/aabcs/pdf/Dos_Donot.pdf)
Frequently Asked Questions
Who is eligible for Annal Ambedkar ро╡рогро┐роХ роЪро╛роорпНрокро┐ропройрпНро╕рпН родро┐роЯрпНроЯроорпН / what is the eligibility?
1. The applicant should be a resident of the State of Tamil Nadu.
1. 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 co...
What are the benefits of Annal Ambedkar ро╡рогро┐роХ роЪро╛роорпНрокро┐ропройрпНро╕рпН родро┐роЯрпНроЯроорпН?
1. Under the scheme, the State Government will provide a 35% capital subsidy on the Eligible Project Cost, not exceeding тВ╣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 s...
How to apply online for Annal Ambedkar ро╡рогро┐роХ роЪро╛роорпНрокро┐ропройрпНро╕рпН родро┐роЯрпНроЯроорпН?
**Online**
**Step 01:** The applicant willing to avail loan under the AABCS scheme should fill up the online application through the [Official Website](https://msmeonline.tn.gov.in/aabcs/aabcs_desc.php) of the Micro, Small and Medium Enterprises Department, Government of Tamil Nadu.
**Ste...