Attaining enhanced target under revamped NEEDS an uphill task for TIIC, commercial banks
The Hindu
Relaxation of minimum educational qualification to HSC a positive factor
Commercial Banks and Tamil Nadu Industrial Investment Corporation (TIIC) face an uphill task in attaining the target set under New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) that was tweaked after the change of regime in the State last year.
The announcement by Micro, Small and Medium Enterprises Department on relaxation of educational qualification to HSC (Higher Secondary Certificate), enhancement of ceiling from ₹50 lakh to ₹75 lakh and extending of 10 per cent additional capital subsidy for eligible SC/ST and differently abled applicants was followed by scaling up of targets three or even four-fold for the districts.
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