MSME Annal Ambedkar Business Champions Scheme (AABCS) Tamil Nadu

Organisation : Micro, Small and Medium Enterprises Department (MSME)
Scheme Name : Annal Ambedkar Business Champions Scheme (AABCS)
Applicable State/UT : Tamil Nadu
Website : https://msmeonline.tn.gov.in/aabcs/index.php

What is MSME 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.

Related / Similar Facility : MSME Unemployed Youth Employment Generation Programme (UYEGP) Tamil Nadu

Benefits of MSME Annal Ambedkar Business Champions Scheme

** 35% capital subsidy ( Not exceeding Rs 1.5 crore) on eligible project cost
** Project cost include land, plant, machinery, testing equipment and computing devices with cost of land not exceeding 20% of project cost. Vehicles shall be considered if it integral to the business process
** 6% interest subvention for loans to procure machinery and equipment during the tenure of loan not exceeding 10 years. Interest subvention will be upfront and given to banks
** Working capital sanctioned for the project shall be eligible for interest subvention for a period not exceeding 2 years
** Cover projects without credit linkage also and in such cases capital subsidy will be released back ended

Eligibility of MSME Annal Ambedkar Business Champions Scheme

** No bar on beneficiary to claim additional capital subsidy from schemes operated by agencies not controlled by Govt. of Tamil Nadu
** Beneficiaries belonging to SC/ST communities (100% owned by SC/ST persons)
** Covering new and expansion of existing enterprises
** Covering Trading related projects which are above the threshold of assistance under the existing Unemployed Youth Employment Generation programme
** Beneficiaries shall be with age limit of 55 years
** No minimum educational qualification

How To Apply For MSME Annal Ambedkar Business Champions Scheme?

Application shall be filed through online only msmeonline.tn.gov.in/aabcs/

Additional Simplified Procedure

Annal Ambedkar Business Champions 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.

Step-1: The applicant willing to avail loan under the AABCS scheme should fill up the online application through the Official Website of the Micro, Small and Medium Enterprises Department, Government of Tamil Nadu.
Step-2: On the home page, click on “Apply Online” and then “New Application”.
Step-3: Click on ‘Register’ and fill in the details like Name, Date of Birth, Email ID, Aadhaar Number & Mobile Number.
Step-4: After successful registration, click on ‘login’ and fill in all the mandatory details.
Step-5: Upload all the necessary documents and submit the application form.

Documents Required:
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