CHENNAI: Chennai district has been allocated Rs 4.72 crore for the New Entrepreneur cum Enterprise Development Scheme (NEEDS) during the current financial year.
The scheme is meant to provide entrepreneurship development programme training for qualified youth, assistance to prepare business plans and facilitate tie-ups with financial institutions for setting up new manufacturing and service ventures.
In a press release here on Tuesday, Chennai district collector R Seethalakshmi said the applicant, who has completed degree, diploma, ITI/Vocational training from recognized institutions, should be a resident of Tamil Nadu for not less than three years. The project cost should be between Rs 10 lakhs and Rs 5 crore.
Applications are available on http://www.msmeonline.tn.gov.in/needs. More details can be had at 044-22501621/22, 9597373548.