TN Credit Guarantee Scheme 2025: Easy Loans for MSMEs in Tamil Nadu
If you run a micro, small, or medium-sized business in Tamil Nadu, the government’s new TN Credit Guarantee Scheme 2025 could help you get a loan of up to Rs 40 lakhs. This scheme is started to support MSMEs by making it easier to get financial help for your business growth or new start-up.
Overview of the TN Credit Guarantee Scheme
The Tamil Nadu government launched the TN Credit Guarantee Scheme to provide loans for MSMEs with less hassle. Under this plan, businesses in the MSME sector can apply for loans up to Rs 40 lakhs without needing big security deposits. The main aim is to support small businesses by lowering loan risks for lenders, so more loans get approved faster.
The Chief Minister MK Stalin introduced this scheme with a budget of Rs 100 crore to support MSMEs. The plan also includes building ERP systems to help fix issues like delays in payments or supplier problems. The scheme has already seen a strong response, with more than 10,555 applications received and 9,212 approved so far.
Main Purpose of Tamil Nadu Credit Guarantee Scheme
This scheme wants to boost MSMEs in Tamil Nadu by giving them easier access to loans. It lowers the need for security deposits and helps new businesses start or grow their ventures. Lenders can give loans without worry because the scheme gives them a guarantee if the business cannot pay back on time.
Main Benefits of TN Credit Guarantee Scheme
- Helps MSMEs get loans without collateral, reducing worries about loan defaults.
- Supports the growth of micro, small, and medium enterprises.
- Provides a 90% loan guarantee for businesses seeking up to Rs 40 lakh.
- Offers an 80% guarantee for loans over Rs 40 lakh and under Rs 2 crore.
- Encourages new entrepreneurs to start businesses with confidence.
Who Can Apply? Eligibility Criteria
- Must be a resident of Tamil Nadu.
- Should be part of the MSME sector.
- Applicants should not be government employees.
How to Register for TN Credit Guarantee Scheme
Right now, the official website for TN Credit Guarantee Scheme registration isn’t available. Keep an eye out for updates, and we’ll share the latest info as soon as the registration link is released.
If you want to know more about other useful schemes for MSMEs, see resources like the MSME RAMP Scheme details and Udyog Aadhaar Registration.