Annal Ambedkar Business Champion Scheme Apply Online & Registration Form | Annal Ambedkar Business Champion Scheme Check Coverage & Last Date | Annal Ambedkar Business Champion Scheme Check Features & Benefits | Annal Ambedkar Business Champion Scheme Check Budget Amount & Offered Fields | Annal Ambedkar Business Champion Scheme Check Eligibility & All Details |
The State Government of Tamilnadu has launched the Annal Ambedkar Business Champion Scheme so that the applicants belonging to the SC and ST communities will be able to carry out their business operations after getting the loan amounts being offered to them. Business ventures will get started. One can apply online before the last date.
Through this article, we will provide you with all types of information about the Annal Ambedkar Business Champion Scheme 2023 like purpose, Eligibility Criteria, Benefits, Features, important documents, etc. Apart from this, we will share with you the process to apply online for this scheme. To get complete information about this scheme, read this article till the end.
Annal Ambedkar Business Champion Scheme
Now the business entrepreneurs will be able to start their business ventures in the fields of food processing, garments, departmental stores, beauty parlors, gymnasiums, concrete mixture units, and cab services after availing the loan amounts offered under the Annal Ambedkar Business Champion Scheme. Loans can be availed via empanelled banks.
A total of Rs. 100 crore of the budget has been set up for the successful or proper implementation of the Annal Ambedkar Business Champion Scheme so that the business entrepreneurs will be able to start their business operations as well as ventures after availing of the loans being offered to them. The applicants will be given subsidies on the loan amounts.
Highlights Of Annal Ambedkar Business Champion Scheme
The highlights of this scheme are as follows:-
| Name Of The Scheme | Annal Ambedkar Business Champion Scheme |
| Known As | AABCS |
| Launched By | Department of Micro, Small, and Medium Enterprises |
| Delegated Ministry | Ministry of Electronics and Information Technology |
| Delegated State | Tamilnadu |
| Allotted Portal | msmeonline Portal |
| Objective | To provide loans to entrepreneurs to start their business ventures |
| Benefit | The applicants will be able to carry out business ventures |
| Applicable to | Citizens of Tamilnadu |
| Beneficiaries | Business Entrepreneurs |
| Beneficiary Category | SC & ST Categories |
| Age Limit | 55 Years |
| Budget Amount | Rs. 100 Crores |
| Interest Rate | 6% |
| Capital Subsidy | 35% |
| Form of Benefit | Facilitation Of Loan Amount |
| Covered Fields | Manufacturing, Service, & Business |
| Loan Amount | Rs. 2.5 Crores |
| Host Site | NIC (National Information Centre) |
| Last Date To Apply Online | Will be updated soon |
| Mode of Application | Online |
| Office Address | Department Of Industries & Commerce, SIDCO Corporate Office Building, Guindy Industrial Estate, Chennai 600 032 |
| Email ID | [email protected] |
| Official Website | www.msmeonline.tn.gov.in |
Objectives Of Annal Ambedkar Business Champion Scheme
The major objective of launching the Annal Ambedkar Business Champion Scheme is to provide loan amounts at subsidies so that business entrepreneurs will be able to start their business ventures after availing of the subsidized loans. One can start a business in the fields of food processing, garments, departmental stores, beauty parlors, gymnasiums, concrete mixture units, cab services, etc.
Another objective of launching the Annal Ambedkar Business Champion Scheme is to provide social empowerment to the communities of SC and ST so that they will be able to strive forward in their life after setting up their businesses. One can start a business in any field or area. An amount of Rs. 100 crores have also been approved in the form of a budget.
Beneficiary Categories
The list of beneficiary categories who will be able to apply online for this scheme is as follows:-
- SC Communities
- ST Communities
Offered Business Fields
The list of offered business fields is as follows:-
- Food Processing
- Garments
- Departmental Stores
- Beauty Parlours
- Gymnasiums
- Concrete Mixture Units
- Cab Services
Budget Allocation
It is only on the basis of the budget amount that has been fixed or approved by the government or authorized body that the government will be able to carry out the successful implementation of this scheme. The government has approved or sanctioned a budget amount of Rs. 100 crores so that the proper and effective implementation of this scheme would take place.
Annal Ambedkar Business Champion Scheme Last Date
Borrowers can apply for this scheme by submitting an online registration form. The specific last date for form submission has not been announced yet. Once the selection body releases the final date, we will provide an update on this article. It is advised to patiently await the release of the last date for registration.
Annal Ambedkar Business Champion Scheme Coverage
This scheme will cover the below-mentioned allowances:-
- 35% Capital Subsidy
- 6% Interest Rate on Loan Amount
Capital Assistance for Business Initiation
This scheme offers capital assistance, providing funds that startups need to begin their business journey. This financial boost helps entrepreneurs turn their ideas into reality. Applicants will not need to borrow loans from some other external funding demanding higher interest rates.
Encouraging Innovative & Sustainable Ideas
The scheme focuses on promoting innovative and sustainable business ideas. It encourages entrepreneurs to think creatively and develop businesses that align with environmental and social sustainability. These sustainable ideas will foster their entrepreneurship opportunities as well as needs. These ideas will change the employment structure of India.
Contributing to Local Employment Opportunities
By supporting startups, the scheme contributes to creating local job opportunities. New businesses often hire from the community which will directly and indirectly help the government to reduce unemployment and boost the local economy. The government will be able to generate more and more employment opportunities.
Benefits Of Annal Ambedkar Business Champion Scheme
The benefits of this scheme are as follows:-
- The applicants will be able to start their own business ventures.
- There are various fields in which one can start their own business.
- Capital subsidies will also be offered to them.
- It brings economic benefits and upliftment.
- Entrepreneurs will be able to showcase their creative ideas and turn them into successful businesses.
- One can apply online before the last date for getting timely registration.
Features Of Annal Ambedkar Business Champion Scheme
The features of AABCS are as follows:-
- The Chief Minister of Tamilnadu has launched the Annal Ambedkar Business Champion Scheme.
- This scheme has been launched only for the residents of Tamilnadu.
- Only the SC and ST communities will be able to avail loans at subsidized rates.
- Loans at 6% interest rates will be provided to the applicants to start their own businesses.
- The %age of capital subsidy will be 35%.
- For getting more information, one can visit the official website.
Annal Ambedkar Business Champion Scheme Eligibility Criteria
The applicants will need to attain the below-mentioned points to apply online for AABCS:-
- The applicant must be a resident of Tamilnadu.
- He or she must belong to the SC or ST categories.
- The applicant must be going to start a business in various fields such as food processing, garments, departmental stores, beauty parlors, gymnasiums, concrete mixture units, cab services, etc.
- The maximum age must be 55 years.
Important Documents
Some of the important documents required to apply online for AABCS are as follows:-
- Aadhar Card
- Residence Certificate
- Business Plan
- Proof of Caste/Community
- Educational Qualification Certificates
- Business Registration Documents (if applicable)
- Project Proposal
- Financial Projections
- Income Certificate
- Bank Account Details
- Latest Passport Size Photos
- Mobile No
- Email ID
Annal Ambedkar Business Champion Scheme Apply Online
The applicants will need to follow the below-mentioned points to apply online for this AABCS:-
- Visit and open the Official Website.
- Now you will get land on the homepage.
- Click on the link to Login/Registration.
- The login page will get displayed on your screen.
- Click on the Register button.
- The registration form will get displayed on your screen.
- Enter the asked details.
- Type the asked Captcha Code
- Now click on the Register Button.
To Do Login
The applicants will need to follow the below-mentioned points to do login:-
- The applicants will need first to visit the official website.
- Click on the link to Login/Registration.
- The login page will get displayed on your screen.
- Enter the login details such as Email, Password, and Captcha Code.
- Now click on the Login button.
Tracking Application Status
The applicants will need to follow the below-mentioned points to track their application status for AABCS:-
- Visit the official website.
- Now click on the Schemes option.
- Click on the link to AABCS.
- A new page will get displayed on your screen.
- Click on the link to Track Your Status.
- A new page will get displayed whereby you will enter the mobile no.
- Now click on the Submit button.
Submitted Feedback
The applicants will need to follow the below-mentioned points to submit feedback:-
- Visit and open the official website.
- Now you will get land on the homepage.
- Click on the Schemes button.
- Now click on the AABCS link.
- A new page will get displayed.
- Click on the Feedback Button.
- The feedback form will get displayed on your screen.
- Fill out each asked detail.
- Now click on the Submit button.
Getting Contact Details
The applicants will need to follow the below-mentioned points for getting contact details under AABCS:-
- Visit the official website.
- On the homepage, click on the Contacts option.
- The contact details will get displayed on your screen.
Contact Information
In case of any queries regarding the Annal Ambedkar Business Champion Scheme, then you may contact this mentioned office address and email ID:-
- Office Address:-
- Department Of Industries & Commerce,
- SIDCO Corporate Office Building,
- Guindy Industrial Estate,
- Chennai 600 032
- Email ID:- [email protected]