Annal Ambedkar Business Champions Scheme (AABCS) 2024

Annal Ambedkar Business Champions Scheme has been launched to motivate citizens to take various kinds of entrepreneurship. This scheme has been launched by the government of Tamil Nadu for scheduled caste and scheduled tribe communities. Under this scheme subsidy will be provided to the beneficiaries to promote economic development. The department of micro small and medium enterprises will be responsible for implementing this scheme. This article will cover complete information regarding the Annal Ambedkar Business Champions Scheme. You will get to know how you will be able to submit your application under this scheme. Other than that you will also get details regarding the eligibility criteria, features, benefits, important dates, etc.

About Annal Ambedkar Business Champions Scheme

Annal Ambedkar Business Champions Scheme has been launched by the Department of Micro Small Medium Enterprises, Government of Tamil Nadu. Under the scheme, subsidies are provided to the scheduled caste and scheduled tribe community for entrepreneurship. The Government of Tamil Nadu is going to provide a 35% capital subsidy and a 6% interest subvention for the loans to procure machinery and equipment. All the citizens belonging to schedule caste and schedule tribe will be able to avail the benefit of this scheme. With the implementation of this scheme, the beneficiaries will be economically developed. Other than that it will also generate employment. For the implementation of the scheme, the government will also formulate state state-level steering committee. This committee will implement this scheme in the entire state.

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Objective of Annal Ambedkar Business Champions Scheme

• The main objective of the Annal Ambedkar Business Champions Scheme is to provide various kinds of subsidies to entrepreneurs belonging to scheduled castes and scheduled tribe
• This scheme has been launched to provide economic development opportunities to the beneficiaries
• Other than that with the implementation of this scheme unemployment ratio of the state will also be reduced
• The government will formulate a state-level steering committee for the implementation of this scheme
• The Department of Micro Small and Medium Enterprises will be responsible for implementing this scheme

Eligibility Criteria

• The applicant must belong to a scheduled caste or scheduled tribe community
• The applicant must be a permanent resident of Tamil Nadu
• The applicant should be an entrepreneur
• This scheme is for both new enterprises and the expansion of existing enterprise
• Eligible enterprises can be business enterprises in the area of manufacturing or service
• Trading-related projects that are above the threshold of existence under the existing unemployed youth employment generation program scheme will also be eligible
• The age limit of the applicant is 55 years
• There is no minimum qualification to get the benefit of this scheme
• There is no bar on the beneficiary to claim additional capital subsidy from other schemes
• The government will also provide entrepreneurship development training to all beneficiaries.

Also Check: Tamil Nadu Urban Employment Scheme

Benefits of Annal Ambedkar Business Champions Scheme

• The government is going to provide a 35% capital subsidy on the eligible project cost
• The amount of subsidy will not exceed Rs 1.5 crore
• A 6% interest subvention will also be given for loans sanctioned under this scheme

Important Dates

• Starting date of application- December 2023
• Last date to apply- To be launched soon

Features of Annal Ambedkar Business Champions Scheme

• Annal Ambedkar Business Champions Scheme has been launched by the government of Tamil Nadu
• Under this scheme, subsidy will be provided to the beneficiaries
• Only those beneficiaries who belong to scheduled tribes and scheduled castes will be able to take benefit of this scheme
• The government is going to provide a 35% capital subsidy and 6% interest subvention for loans to procure machinery and equipment
• This scheme will be for both new enterprises and expansion of existing enterprises
• With the implementation of the scheme the beneficiaries will be motivated to pursue entrepreneurship
• Which will ultimately generate employment
• The capital subsidy sanction will be provided to the extent necessary to constitute a margin money requirement for credit linkage
• The working capital sanction for the project shall be eligible for interest subvention for a period not exceeding two years

Required Documents

• Aadhar card
• Residence certificate
• Copy of PAN card
• Passport size photograph
• Proof of age
• Caste certificate
• Bank account details etc

Subsidy Details

• Applicants will be eligible to get a subsidy of up to 35% of the eligible project cost
• A 6% interest subvention will also be given for loans sanctioned under the scheme

Application Fee

• There are no application fees to get the benefit of this scheme

Annal Ambedkar Business Champions Scheme Apply Online

• First of all, you have to go to the Official AABCS Website of the micro-small and medium enterprises department
• The home page will appear on your screen
• On the homepage, you are required to click on Apply online
• After that, you have to click on New Application

• A new page will appear on your screen
• On the page, you have to click on register
• After that, you have to enter your name, date of birth, Aadhar number, mobile number, email, etc
• Now you have to click on the register
• By following this procedure you can register under the scheme

Login under Annal Ambedkar Business Champions Scheme

• To login into the portal beneficiaries are required to click on the AABCS login option present on the homepage
• After that, a new page will appear on your screen
• On the page, you have to enter your mobile number and password
• After that you have to click on login
• By following this procedure you can login into the portal

Contact Details

• Address:- Department Of Industries & Commerce, SIDCO Corporate Office Building,
• Guindy Industrial Estate, Chennai 600 032.
• Email ID:- indcom(at)tn(dot)gov(dot)in. 

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