What is AABCS Scheme?
AABCS stands for Annal Ambedkar Business Champions Scheme, which was launched by the government of Tamil Nadu state for the youth. The main aim of this scheme is to help the citizens of Tamil Nadu to establish their businesses. If you are a citizen of Tamil Nadu and as a fresher, you want to start your own business then you are in the right place. Stay connected with us as we are going to discuss all things about the Annal Ambedkar Business Champions Scheme (AABCS), its benefits, how you can apply, and also how your status can be checked.
According to the Annal Ambedkar Business Champions Scheme (AABCS), 35% of the total cost of your budget will be subsidized by the Tamil Nadu government so that anyone can establish their businesses on a small scale. But there is a limit your cost should be not more than 1.5 crores.
Another option offered by the AABCS Scheme is that if you want to start your own business like a shop or anything else then the government will provide you a loan just an interest rate of 6%. The SC(Scheduled cast) and ST(scheduled tribe) both are eligible for this scheme.
How to calculate subsidy under AABCS Scheme?
Here is a hypothetical example that will make it easy for you how to calculate the percentage of your subsidy. For example, if you are going to start your business and it costs ₹12 lakh then you here how you can calculate.
| The total cast of your business | The total cost of your business |
| Pertange of subsidy | 35% |
| How much amount will the government pay | 35% of ₹12 lakh= ₹4.2 lakh |
| How much amount you have to arrange | ₹7.8 lakh |
key lights of AABCS Scheme
| Scheme name: | Annal Ambedkar Business Champions Scheme (AABCS) |
| Launched by: | Government of Tamil Nadu |
| Location: | India |
| Beneficiaries: | All citizens of Tamil Nadu |
| Scheme type: | social-welfere |
| Application process: | Online/offline |
| Official website: | https://msmeonline.tn.gov.in/ |
| Last update: | Visit the official site to stay updated |
| Objectives: | help the citizens of Tamil Nadu to establish their businesses |
| Schemes under this project | social-welfare |
| Status check: | available on the official site |
| The amount decided: | 100 crores. |
Eligibility criteria:
Here are some codes and conducts, that every applicant should know before applying.
The applicant should be the permanent president of Tamil Nadu.
The applicant must be less than 55 years old.
The applicant cost must be lower than 1.5 crores.
The applicant must belong to the SC(Scheduled cast) and ST(scheduled tribe).
Important documentation of this scheme:
- Email address
- Address proof
- phone number
- Degree certificate(for students)
- passport size pictures
- Check for more details: Mahila Samman Savings Certificate Scheme 2024
AABCS Scheme online application method:
Go along with these steps as they are just step-by-step guidelines. Follow these steps for an easy and smooth application process.
- As a very step open the official website of Annal Ambedkar Business Champions Scheme.
- Click on the official site that is:https://msmeonline.tn.gov.in/
- After that visit the home page, find the option of, click on apply option.
- After that, you will find a page. With the option of an application form. Fill out this form and put all the necessary information.
- Attach all the documents that are required. After that click on submit.
AABCS Log-in Process:
If you are going to register yourself in this scheme then follow these steps.
- Open the official site of the Annal Ambedkar Business Champions Scheme
- On the home page, you will see the option of beneficiary type.
- Now select the type in which you belong.
- Enter your details to log in.
AABCS Log-in Process:
- AABCS Scheme status check:
- If you are eligible for this pension scheme and want to check your status then follow these steps.In the very first step, the applicant should visit the official site of the Annal Ambedkar Business Champions Scheme, https://msmeonline.tn.gov.in/
- After visiting the official site, go to the home page and there you will find the button” log in”.
- After clicking on the click option then a new screen will open in front of you, enter your username and password to get OTP.
- OTP will be sent to your device.
- The OPT will be sent to your devices and the applicant must enter it as it is sent to your registered device.
- A new page will be shown on your screen and then you click on check status.
- After that, you will enter all the details that are required and then click on submit.
Contact details:
https://msmeonline.tn.gov.in/
FAQs about the Annal Ambedkar Business Champions Scheme
What is the estimated budget Annal Ambedkar Business Champions Scheme?
What is the annual Ambedkar Business Champions Scheme?
What is the full form of AABCS?
Still, have more questions Annal Ambedkar Business Champions Scheme
For any additional questions or if you require more detailed information, I recommend visiting the official channels(Click here to jump on the channel) or the official website (Here is the link to Hindi Yojana news). These platforms are equipped with extensive resources and support, ensuring that all your inquiries are thoroughly addressed and you have access to the most accurate and up-to-date information.
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