chemicals, plastics, garments, jewellery etc. There are . Lakh registered number of units of MSMEs in the State, providing an employment opportunities to about Lakh people. (source cms.tn.gov.in - .
. ) New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) Government of Tamil Nadu launched “New Entrepreneur-cum-Enterprise Development Scheme (NEEDS)” with a view to encouraging the educated youth to become the first Commerce - - . . PM generation entrepreneurs.
The Scheme envisages providing entrepreneurship development training to educated young entrepreneurs, preparing business plans and helping them to tie up with financial institutions to set up new business ventures, besides linking them with major industrial clients. C. Co operative Banks (e.g) TNSC Bank, District Central Co operative Banks D. Micro Finance Institutions (e.g) MUDRA Bank E.
Non Banking Finance Institutions ■■ (e.g) National Small Industries Corporation Ltd (NSIC) ■■ Small Industries Development Bank of India (SIDBI) Micro Units Development Refinance Agency (MUDRA bank) The Government of India has launched MUDRA Bank with a capital amount of ₹ , crore, and credit guarantee corpus of ₹ , crore, to help Micro Small and Medium Enterprises (MSMEs) and startups to resolve problems relating to financing. MUDRA Bank refinances micro-Finance Institutions through a Pradhan Mantri Mudra Yojana (PMMY). These measures will greatly increase the self confidence of young, educated or skilled workers who would now be able to aspire to become first generation entrepreneurs. .
Self Help Groups Rural development is one of the main pillars of progress of India. It has lagged behind in many aspects of development even after six decades of the independence of India. According to population census, rural and urban India accounts for . per cent and .
per cent of people below the poverty line respectively. Self Help Group has emerged as a new model for combating Institutional sources of finance for MSMEs There are many Banks and Financial institutions which provide financial assistance to Micro Small and Medium Enterprises and start-ups. A. Commercial Banks .
Public sector banks (e.g) State Bank of India, Indian Bank, Indian Overseas Bank Canara Bank . Private sector banks (e.g) ICICI, Axis Bank, City Union