The District Industries Centre has invited applications from unemployed youth to avail themselves of loans under the Unemployed Youth Employment Generation Programme.
The scheme provides financial support to economically viable manufacturing, service, and business activities.
Under the scheme, loans up to Rs. 5 lakh would be given for manufacturing sector; up to Rs. 3 lakh for service sector and up to Rs. 1 lakh for business sector from all nationalised banks, private banks, and Tamil Nadu Industrial Investment Corporation. No collateral security is required to get the loan assistance. Those seeking loans under the scheme should have a minimum qualification of Standard VIII; completed 18 years of age and not exceeding 35 years for general category and 45 years for special category.
For details, contact General Manager, District Industries Centre, Phone: 04343 235 567 and Assistant Director, Electrical and Electronics Industrial Estate, Hosur, Mobile: 94430 94850 and 94435 10434. The government has allocated Rs. 47.50 lakh as subsidy to extend credit to 158 persons in the district.