Subsidy for Fund Raising from SME Exchange

What is Subsidy for Fund Raising from SME Exchange?

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.

Benefit

Assistance with a maximum of ₹ 30,00,000, subject to 50% of the total expenditure incurred on SME IPO.

Level

State — Tamil Nadu

Ministry / Dept.

Micro Small and Medium Enterprises Department

Benefit type

cash

Key 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

Last verified

Recently

Benefits

Assistance with a maximum of ₹ 30,00,000, subject to 50% of the total expenditure incurred on SME IPO.

Eligibility

Documents Required

How to Apply

1. Step 1: Online application — step 1

   Step 1: Registration

2. Step 2: Online application — step 2

   Visit the Official Website/Portal of the Micro, Small, and Medium Enterprises Department of the Government of Tamil Nadu. In the top ribbon, click " Login / Registration ". In the registration form, fill in the mandatory details accurately, Name, Date of Birth, Aadhaar Number, Email ID, and Mobile Number. Create a new password. The password must contain a minimum of 8 characters, 1 Upper Case Letter, 1 Lower Case Letter, and 1 Numeric Field. Fill in the captcha code, and click "Register".

3. Step 3: Online application — step 4

   Step 2: Login

4. Step 4: Online application — step 5

   Visit the Login Page and click "Login", and then fill in the credentials received on your registered Email ID and the registered Mobile Number.

5. Step 5: Online application — step 7

   Step 3: Form Filling

6. Step 6: Online application — step 8

   After successfully logging in, hover over "Schemes" in the top ribbon, and then click on the concerned scheme from the dropdown. On the next page, hover over "Apply Online" in the top ribbon, and then click on "New Application" from the dropdown. Fill in all the mandatory fields of the Application Form . Carefully review all the information provided, acknowledge and agree to the terms and conditions, declaration, and privacy policy, and then click "Proceed". Note down the reference number appearing on the screen and then click "Close".

7. Step 7: Online application — step 10

   Step 4: Upload Documents

8. Step 8: Online application — step 11

   Now, hover over "Schemes" in the top ribbon, and then click "Upload Documents" from the dropdown. On the next page, provide the Application ID and click "Submit". On the next page, upload all the mandatory documents in the specified format and size. After uploading the documents, click "View" to verify the documents uploaded for correctness.

9. Step 9: Online application — step 13

   Step 5: Submission

10. Step 10: Online application — step 14

    Fill in all the checkboxes appearing at the bottom of the screen and then click "Submit Application". The message regarding the submission of the online application to GM/DIC / RJD will be received on your mobile phone.

11. Step 11: Online application — step 16

    (Optional) Step 6: Track Application Status

12. Step 12: Online application — step 17

    You can check the status of your application here . The portal may provide updates via email or SMS regarding your application status.

13. Step 13: Online application — step 19

    Time Limit for Filing Application

14. Step 14: Online application — step 20

    Within 6 months from the date of listing on the SME Exchange.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.