Schemes of DIC


Eligibility Criteria:

  • Any individual who possesses a minimum qualification of 8th std., pass
  • Any individual above 18 years of age with the upper age limit as 35 years. Applicants belonging to SC,ST,MBC,BC, Minorities, Ex-serviceman, Differently abled persons, Women and transgender are classified as Special Category and can be upto 45 years of age.
  • The family income of the beneficiary along with the spouse shall not exceed Rs.1,50,000/- per annum, as declared by the applicant duly certified by the Notary Public / Oath Commissioner.

Activities covered:
All economically viable manufacturing, service and business activities excluding direct agricultural operations like raising crop etc.,

Maximum  Project Cost:

Rs.5.00 Lakhs for manufacturing sector, Rs.3.00 Lakhs for service sector and Rs.1.00 Lakh for business sector.

romoter’s Contribution:
10% for General Category as owner’s contribution.
5% of special category (viz. Scheduled Caste / Scheduled Tribes / Backward Classes / Most Backward Classes / Minorities / Women / Ex-servicemen / Physically challenged / Transgender ) as owners’ contribution.

Subsidy at rate of 15% of the Project cost will be sanctioned to the beneficiaries.

7 days training in Entrepreneur Development Programme to be conducted by Entrepreneur Development Institute (EDI) of Government of Tamil Nadu is mandatory. However, the training shall be completed within 12 months from the date of selection by the District Task Force Committees (DTFCs).

Financial Institutions:
All Nationalised Banks, Private Sector Banks and Tamil Nadu Industrial Co-operative Bank.

No collateral is required.

Rate of interest:
Normal Bank rate of interest.

Repayment period:
Repayment Schedule shall be for 5 years after an initial moratorium period of 6 months of date of commencement of project whichever is earlier.