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Sunday, Aug 10, 2008
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Tamil Nadu

Tamil Nadu

Incentives for enterprises

Staff Reporter

In nine blocks in Namakkal

NAMAKKAL: The State government has announced incentives for micro, small and medium enterprises in nine backward blocks in Namakkal district.

The blocks are Elachipalayam, Erumapatti, Kabilarmalai, Kolli Hills, Mallasamudram, Mohanur, Namakiripet, Puduchatram and Vennanthur.

The Chief Minister announced the incentives in its Micro, Small and Medium Industries Policy 2008, which was released in February this year, Collector U. Sagayam said in a press release.

The enterprises in these blocks could avail themselves of a capital subsidy of 15 percent on eligible plant and machinery subject to a maximum of Rs. 30 lakh.

An employment intensive subsidy of an additional five percent subject to a maximum of Rs. 5 lakh will be provided if at least 25 workers are employed.

An additional capital subsidy of five percent subject to a maximum of Rs. 2 lakh will be given to enterprises set up by women, persons belonging to scheduled caste/scheduled tribe, physically challenged and transgender entrepreneurs.

The government will also provide an additional capital subsidy of 25 percent on the value of plant and machinery installed to promote cleaner and environmental friendly technologies, subject to a maximum of Rs. 3 lakh.

Besides, Low Tension Power Tariff (LTPT) subsidy will be made available at the flat rate of 20 percent for the first 36 months to the enterprises.

Entrepreneurs can contact the General Manager of District Industries Centre at the Collectorate complex for more information.

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