What is (TANSIDCO) Tamil Nadu Small Industries Development Corporation Limited?
TANSIDCO is the nodal agency of the Government of Tamil Nadu for the promotion and development of small industries in Tamil Nadu. It was established in 1970 with the objective of encouraging, identifying, and promoting small-scale industries in the state. TANSIDCO provides financial assistance to small-scale industries through a number of schemes such as the Prime Minister’s Employment Generation Programme (PMEGP), the Micro and Small Enterprises-Cluster Development Programme (MSE-CDP), and the Technology Upgradation Fund Scheme (TUFS). It also provides infrastructure facilities such as industrial estates, common effluent treatment plants, and tool rooms. In addition, TANSIDCO assists small-scale industries in obtaining necessary approvals and clearances from various government departments. It also conducts training programs for entrepreneurs and organizes trade fairs and exhibitions.
TANSIDCO has played a key role in the development of small-scale industries in Tamil Nadu and has helped to create employment opportunities for many people.
The Different Types of Industries TANSIDCO Assists
TANSIDCO is the nodal agency of the Government of Tamil Nadu for the promotion and development of small industries in the state. It provides financial assistance to small-scale industries through various schemes such as term loans, soft loans, equity participation, venture capital fund, etc. In addition, TANSIDCO also provides infrastructure support to small industries through its industrial estates and common facilities centers.
The different types of industries that TANSIDCO assists include:
1. Manufacturing Industries: TANSIDCO provides financial assistance to small manufacturers for setting up new units or expanding existing ones. It also helps them with regulatory compliance and access to common facilities.
2. Service Industries: TANSIDCO assists small service providers with finance, marketing, technology upgradation, etc. It also helps them get registration and certification from various government agencies.
3. Agricultural and Rural-based Industries: TANSIDCO helps rural entrepreneurs with finance, infrastructure support, marketing assistance, etc. It also promotes agro and rural-based products through its exhibitions and melas.
4. Information Technology (IT) based Industries: TANSIDCO provides IT parks and software technology parks to promote IT/ITES activities in Tamil Nadu. It also offers incubation facilities and venture capital funds for start-ups in this sector.
Read – What is (TIDCO) Tamilnadu Industrial Development Corporation?
The History of TANSIDCO
TANSIDCO is a state-owned enterprise of the Government of Tamil Nadu that promotes the development of small industries in the state. It was established in 1970 as the Tamil Nadu Small Industries Development Corporation Limited. TANSIDCO’s mandate is to promote and support the growth of small industries in Tamil Nadu. It provides financial assistance to small businesses, as well as infrastructure and other support services. TANSIDCO also assists in the marketing of products manufactured by small businesses in Tamil Nadu.
Since its inception, TANSIDCO has played a key role in the development of small businesses in Tamil Nadu. Some of the key development of TANSIDCO
Guindy Industrial Estate established in 1958 is the 1st Industrial Estate established in India (404 acres).
Ambattur Industrial Estate established in 1963 spread over 1167 acres is one of the largest Industrial Estates for MSMEs in Asia.
How TANSIDCO Helps Small Businesses Grow in Tamilnadu
The Tamil Nadu Small Industries Development Corporation Limited (TANSIDCO) is the nodal agency of the Government of Tamil Nadu that promotes and aids the growth of small businesses in the state. TANSIDCO provides financial, infrastructural, and marketing assistance to small businesses, as well as assists in procuring raw materials and technology. In addition, TANSIDCO offers training and entrepreneurship development programs to help small businesses start up and grow.
Since its inception, TANSIDCO has helped over 100,000 small businesses get started in Tamil Nadu. TANSIDCO’s assistance has been critical in helping these businesses grow and create jobs in the state. In fact, small businesses supported by TANSIDCO have generated over 1.5 million jobs in Tamil Nadu.
TANSIDCO’s support for small businesses has not only helped create jobs and spur economic growth in Tamil Nadu, but has also helped make the state a leader in many industries. For example, due to TANSIDCO’s support, Tamil Nadu is now one of the leading states in India for textile production, leather goods manufacturing, and information technology services.
TANSIDCO’s Impact on the Tamil Nadu Economy
The Tamil Nadu Small Industries Development Corporation Limited (TANSIDCO) is a state-level organization that promotes the development of small industries in Tamil Nadu. TANSIDCO provides financial assistance, infrastructure support, and policy guidance to small businesses in the state.
TANSIDCO has had a positive impact on the Tamil Nadu economy. In 2016-17, TANSIDCO assisted 2,636 small businesses with a total investment of Rs. 1,171 crore. These businesses generated employment for nearly 40,000 people. TANSIDCO’s work has resulted in an increase in the number of small businesses in Tamil Nadu and a corresponding increase in employment and economic activity in the state.
In addition to its direct impact on the economy, TANSIDCO also supports the government’s initiatives to promote industrialization and economic development in Tamil Nadu. TANSIDCO is one of the key implementing agencies of the government’s flagship scheme, the Industrial Corridor Project (ICP). The ICP is aimed at promoting investment and industrial growth in Tamil Nadu by developing world-class infrastructure along key industrial corridors in the state. TANSIDCO is responsible for developing infrastructure along two of these corridors – Madurai-Coimbatore and Chennai-Bengaluru – which are expected to attract investments worth Rs. 1 lakh crore and generate nearly 2 million jobs.
Industrial Area Developed by TANSIDCO
TANSIDCO has been playing a pivotal role in the development of small industries in Tamil Nadu. It provides various services to small industries such as project identification and feasibility studies, financial assistance, marketing support, infrastructure development, etc.
In order to promote industrialization in rural and backward areas of the state, TANSIDCO has developed a number of industrial estates and growth centers. These estates and centers provide basic infrastructure facilities such as water, electricity, roads, communication, etc. to the industries established there. TANSIDCO also provides common effluent treatment plants and other support services in these estates
TANSIDCO has been performing the functions of maintenance of 41 Government Industrial Estates in Tamilnadu and 86 Industrial Estates in Tamilnadu established on its own, thus maintaining a total of 127 Industrial Estates in Tamil Nadu.
SIDCO Industrial Estates
The SIDCO Industrial Estates are a set of industrial parks developed by the Tamil Nadu Small Industries Development Corporation Limited (TANSIDCO) in various parts of the state of Tamil Nadu, India. The estates are developed with the aim of promoting small-scale industries in the state.
Each estate is equipped with basic infrastructure facilities such as water supply, electricity, roads, drainage, and sewage treatment. In addition, some estates also have common facilities such as fire stations, health centers, and banks.
TANSIDCO provides financial assistance to eligible small-scale industries for setting up their units in the SIDCO Industrial Estates. The corporation also offers a range of other services such as marketing support and technology upgradation.
Conclusion
TANSIDCO is a great resource for small businesses in Tamil Nadu. They provide access to financing, training, and other support services that can help businesses grow and succeed. If you are thinking about starting a small business in Tamil Nadu, TANSIDCO is definitely worth checking out.
