T.N. government steps up support for enterprises headed by women
Under the ‘Vetri Magalir Thozhilmunaivor Membattu Thittam’, eligible women entrepreneurs can avail themselves of loans ranging from ₹10 lakh to ₹5 crore through the Tamil Nadu Industrial Investment Corporation
The Tamil Nadu government is taking significant steps to boost support for women-led enterprises in the state. The 'Vetri Magalir Thozhilmunaivor Membattu Thittam' scheme aims to provide accessible institutional finance to women aspiring to start and grow their own businesses. Finance Minister S. Keerthana emphasized that there are thousands of women in Tamil Nadu with the potential to build successful enterprises, but often face a lack of capital as a barrier.
The scheme, administered by the Tamil Nadu Industrial Investment Corporation (TIIC), offers loans ranging from ₹10 lakh to ₹5 crore with an interest rate of 9.95% per annum, payable over a period of up to nine years. The Industries Department is rolling out the scheme across all 234 Assembly constituencies in the state, with MLAs asked to identify ten promising women entrepreneurs from their respective areas. The applications will be evaluated based on eligibility and merit.
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