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Subsidies

District Industries Centre, Tirunelveli has granted Capital Subsidy of Rs.40.Lakhs for 7 manufacturing enterprises during the first year of operation of the new
Industrial policy for MSMEs 2008 – 2009

Micro, Small and Medium Industries Policy - 2008
  • Released by Honourable Chief Minister of Tamilnadu on 22 - 02 - 2008.

Subsidies for Micro Manufacturing Enterprises located anywhere in Tirunelveli District

  • 15% Capital subsidy (Plant and Machinery)
  • LTPT subsidy at a flat rate of 20% for 3 years from DCP or date of power supply whichever is later
  • Subsidy equal to the assessed Value Added Tax paid by them for the first 6 years after Date of commencement of Production upto the value of investment in plant and machinery at the time of allotment of EM.No. (PartII )

Subsidy to Backward Area

  • 15% Capital subsidy (Plant and Machinery) subject to a maximum of Rs30 Lakhs.
  • 5% Additional subsidy subject to a maximum of Rs5 Lakhs to Enterprises which employ atleast 25 workers for minimum period of 3 years.(ESI, EPF records to be furnished)
  • Additional Capital subsidy of 25% subject to a maximum of Rs3 Lakhs for MSME for promotion of cleaner and environment friendly technologies.
  • LTPT subsidy at a rate of 20% for 3 years from DCP or date of power supply which ever is later.
  • Additional Capital subsidy of 5% subject to a maximum of Rs2 Lakhs will be given to enterprises set up by Women, SC/ST, Physically disabled & transgender entrepreneurs.

Industrially Backward Blocks

  • ALANGULAM
  • MEELANEELITHANALLUR
  • KURUVIKULAM
  • KADAYAM
  • RADHAPURAM
  • PAPPAKUDI
  • NANGUNERI

Industrial estates promoted by the Government and Government agencies like SIPCOT, SIDCO etc.

Subsidy for Agro Based Enterprises

  • 15% Capital subsidy (Plant and Machinery) subject to a maximum of Rs30 Lakhs.
  • 5% Additional subsidy subject to a maximum of Rs5 Lakhs to Enterprises which employ atleast 25 workers for minimum period of 3 years.(ESI, EPF records to be furnished)
  • Additional Capital subsidy of 25% subject to a maximum of Rs3 Lakhs for MSME for promotion of cleaner and environment friendly technologies.
  • LTPT subsidy at a rate of 20% for 3 years from DCP or date of power supply whichever is later.
  • Additional Capital subsidy of 5% subject to a maximum of Rs2 Lakhs will be given to enterprises set up by Women, SC/ST, Physically disabled & transgender entrepreneurs.

Special Capital Subsidy for Thrust Sector Enterprises

15% Special capital subsidy on Plant and Machinery for the following Enterprises

  • Electrical & Electronics Industry
  • Leather & Leather goods
  • Auto parts and components
  • Drugs and Pharmaceuticals
  • Solar Energy Equipment
  • Gold & Diamond Jewellery for Exports
  • Pollution Control Equipments
  • Sports Goods and Accessories
  • Cost effective building material
  • Readymade garments

Stamp Duty Exemption for MSME

  • Micro Manufacturing Enterprises will be exempted from payment of stamp duty on mortgaged and pledged documents.


  • Industrially Backward Areas
  • Enterprises in SIDCO or Government development estates for Micro and Small Enterprises will be entitled to 50% rebate on stamp duty and registration fee at the time of original allotment based on the transfer value fixed by SIDCO or Government in respect of such estates.
  • In respect of MSME set up in Industrially Backward areas, the 50% rebate on stamp duty and registration fee would be reimbursed after commencement of production.

Back Ended Interest Subsidy

  • A back ended interest subsidy at the rate of 3%(subject to a maximum of Rs. 10 lakhs per enterprise over a period of five years) will be extended on loans taken up to Rs. 100 lakhs on Credit Linked Capital Subsidy Scheme.( CLCSS )

STATUS OF CAPITAL SUBSIDY APPLICATIONS PENDING AS ON THE
WEEK ENDING 13.11.2011


NAME OF THE DISTRICT : TIRUNELVELI

Sl.No

Senio
rity
No

Name of the Enterprise

Date of receipt of application

Date of sanction

Date of Disbursement

Date of Rejection
/ Return

Reasons for pending

1.

1

M/s. J.M.J. Bricks Nanguneri

11.02.2011

17.02.2011

23.02.2011

 

 

2.

2

M/s. The Dynamic Techno Plast, Palayamkottai 

14.02.2011

17.02.2011

23.02.2011

 

 

3.

3

M/s.A.R.M. Products, Alangulam 

14.02.2011

17.02.2011

23.02.2011

 

 

4.

4

M/s. Unicone , Sankarankovil  

21.02.2011

23.02.2011

23.02.2011

 

 

5.

5

M/s. Sabeetha Roofing India (P)Ltd, , Nanguneri

03.03.2011

-

-

03.05.2011

 

6.

6

M/s. Selson Plastic Industries  , Thachanallur

07.03.2011

-

-

03.05.2011

 

7.

7

M/s.M.S.C. Rice Mill , Surandai

21.03.2011

20.04.2011

18.08.2011

 

 

8.

8

M/s.Doss & Maran Soaps
Alangulam 

27.05.2011

01.07.2011

18.08.2011

 

 

9.

9

M/s.Doss & Maran Food products

13.06.2011

03.08.2011

18.08.2011

 

 

10.

10

M/s.Sri Narayana Rice Mill , Keelapavoor

20.06.2011

-

-

19.08.2011

 

11.

11

M/s. Kamathenu Waters 
Sankarankovil

01.07.2011

02.08.2011

18.08.2011

 

 

12.

6

M/s. Selson Plastic Industries  , Thachanallur

04.07.2011

04.07.2011

18.08.2011

 

 

13.

12

M/s. Sun Star Fly Ash  Bricks 
Palayamkottai 

05.07.2011

19.07.2011

18.08.2011

 

 

14.

5

M/s. Sabeetha Roofing India (P)Ltd, , Nanguneri

11.07.2011

04.08.2011

18.08.2011

 

 

15

13

M/s.Kasiyanantha Cooking ranges Pltd, Pettai

29.07.2011

16.09.2011

19.09.2011

 

 

16

14

M/s. Winter Eratored Company
Keelapavoor

01.08.2011

16.09.2011

19.09.2011

 

 

17

15

M/s. Valliammal  Microns
Alangulam 

08.08.2011

6.09.2011

19.09.2011
Part payment

 

 

18

16

M/s. Vivitha Microns , Alangulam 

18.08.2011

07.09.2011

 

 

Funds availed

19

10

M/s.Sri Narayana Rice Mill , Surandai

19.08.2011

16.09.2011

19.09.2011

 

 

20

17

M/s.Regaboth Coir Products
Tenkasi 

16.09.2011

 

 

 

NOC From Coir board

21

18

M/s. Selson Plastic Industries  , Thachanallur

23.09.2011

04.11.2011

 

 

Funds availed

22

19

M/s.Keerthana Polymers
Sankarankovil

26.09.2011

21.10.2011

 

 

Funds availed

23

20

M/s.Nizam Matches
Sankarankovil

29.09.2011

 

 

Rejection old unit

 

24

21

M/s.Solve Plastic Products
Shencottai

18.10.2011

 

 

 

Particulars availed