The scheme "Subsidy for Fund Raising from SME Exchange" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced with the objective to facilitate high growth potential SMEs in the State to raise equity capital through SME Exchange utilizing IPOs, in both the manufacturing and services sector. The government will provide assistance for listing & raising money in the SME stock exchange.
50% subsidy, up to ₹30 L
CAPITAL · quoted from the scheme, not calculated by us
DETAILS The scheme "Subsidy for Fund Raising from SME Exchange" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced with the objective to facilitate high growth potential SMEs in the State to raise equity capital through SME Exchange utilizing IPOs, in both the manufacturing and services sector. The government will provide assistance for listing & raising money in the SME stock exchange. BENEFITS Assistance with a maximum of ₹ 30,00,000, subject to 50% of the total expenditure incurred on SME IPO. ELIGIBILITY All new Micro and Small enterprises set up in declared 254 industrially backward blocks are eligible The applicant should be qualified for listing, in line with the norms prescribed by the National Stock Exchange/ Bombay Stock Exchange. Only Merchant Banker Fees, Due Diligence Fees, Registrar and Transfer Agent Fees, Peer Review Auditor Fees, Exchange Fees, and Listing Charges Are Eligible for Reimbursement. Know Your Eligibility for this scheme here
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9 documents to gather
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We don’t hold the step-by-step process for Subsidy for Fund Raising from SME Exchangeyet. The department’s own notification is the authority until we do — we would rather say that than invent a plausible sequence.
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