In a press release issued yesterday, Shri. Raja. M. Shanmugham, President thanked the Hon’ble Chief Minister for issuance of Micro, Small and Medium Enterprises Department Order, as per this year Tamil Nadu Budget announcement, by enhancing the maximum cap on the 25% Capital subsidy granted on the value of project cost under New Entrepreneur – cum – Enterprise Development Scheme (NEEDS) from the existing limit of Rs.30.00 Lakh to RS.50.00 Lakh with effect from date of the order, 3rd November 2020.