Highestever capital subsidy under NEEDS scheme The TN State government has disbursed the highestever capital subsidy in 202223 under its flagship scheme NEEDS. About NEEDS New EntrepreneurcumEnterprise Development Scheme (NEEDS) is a State funded programme which aims to promote first-generation entrepreneurs. The scheme is run by the Micro, Small and Medium Enterprises (MSME) Department. Subsidy Under NEEDS, the minimum project cost is ₹10 lakh and the maximum is ₹ 5 crore. The individual based capital subsidy under NEEDS is given at the rate of 25% of the project cost (not exceeding ₹75 lakh). An additional capital subsidy at 10% of the project cost for SC/ST/differentlyabled candidates is being given from 2021-22 onwards. 15 day training: The selected candidates are imparted training for 15 days by the Entrepreneurship development and Innovation Institute. The minimum educational qualification prescribed under the scheme is HSC pass.
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