The Hindu : Tamil Nadu / Coimbatore News : DIC urges micro units to make use of subsidies

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Tuesday, Dec 09, 2008
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Tamil Nadu

Tamil Nadu - Coimbatore

DIC urges micro units to make use of subsidies

Staff Reporter

COIMBATORE: The District Industries Centre has urged the micro and small-scale unit entrepreneurs to make use of the subsidies available to them under the State Government’s Micro, Small and Medium Enterprises policy.

General Manager of the Centre S. Asokan told The Hindu that units started in backward blocks in the district, those started by entrepreneurs and agro-based industries could avail themselves of subsidies under different schemes.

Those interested should contact the centre for details. After the focus on these segments, any micro or small-scale unit which commenced production after February 22, 2008 could apply for the subsidies. However, second-hand machinery and those into powerloom, spinning, foundry activities, brick making, knitting and saw mills were not eligible.

The district was sanctioned Rs. 1.7 crore for subsidy disbursement under the policy for 2008-09 and so far only Rs. 15 lakh was disbursed, he said. Various awareness meetings and sensitisation programmes had been organised.

The subsidies were available only for new units and those going in for expansion. Some of the categories under which assistance was available were: plant and machinery, power subsidy, VAT subsidy and pollution control equipment.

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