Subsidy for Fund Raising from SME Exchange — Up to ₹30L, Tamil Nadu — Frequently Asked Questions

Assistance goes up to ₹30 lakh, but it can never exceed 50% of the total expenditure the enterprise incurred on its SME IPO listing. The lower of the two figures is what gets reimbursed.

The reimbursement covers costs directly linked to the listing process: Merchant Banker Fees, Due Diligence Fees, Registrar and Transfer Agent Fees, Peer Review Auditor Fees, Exchange Fees and Listing Charges. Expenses outside these heads are not covered.

The applicant must be a new Micro or Small enterprise that was set up in one of the 254 industrially backward blocks declared by the Government of Tamil Nadu. It must also be qualified for listing under the norms prescribed by the National Stock Exchange or the Bombay Stock Exchange for the SME Exchange.

Both are covered. The scheme is designed for high growth potential Micro and Small enterprises in the manufacturing sector as well as the services sector.

Yes. The enterprise must be set up in one of the 254 industrially backward blocks declared by the state government. A unit operating from any other location in Tamil Nadu would not meet this condition.

The scheme is open on a rolling basis, so there is no single closing date to beat. However, the application has to be filed within six months from the date the enterprise is listed on the SME Exchange, which means the filing window opens once the IPO is complete.

No. This is a subsidy paid out as a reimbursement of expenses already incurred, not an investment. The department does not receive shares or any ownership in the enterprise in return for the funding.

Applications are filed online on the MSME Department's portal at https://www.msmetamilnadu.tn.gov.in/new-schemes.php. You register with your name, date of birth, Aadhaar number, email ID and mobile number, log in, select the scheme, fill in the application form, note the reference number, and then upload your mandatory documents in the prescribed format and size before submitting the application. A confirmation that the application has gone to GM/DIC or RJD arrives on your registered mobile number, and you can track the status on the portal.

You upload the mandatory documents listed on the portal in the specified format and size, and you can click "View" to confirm they were uploaded correctly. Because the department verifies the incurred expenditure during assessment, your supporting financial records for the covered cost heads are central to the review.

The Micro Small and Medium Enterprises Department reviews the application, confirms the enterprise meets the eligibility criteria, verifies that the claimed expenses were actually incurred, and checks that the enterprise qualified for SME Exchange listing under NSE or BSE norms. Once everything is in order, the reimbursement is approved.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Subsidy for Fund Raising from SME Exchange — Up to ₹30L, Tamil Nadu, though having it can strengthen your application and unlock other benefits.

Subsidy for Fund Raising from SME Exchange — Up to ₹30L, Tamil Nadu is offered by Micro Small and Medium Enterprises Department, Government of Tamil Nadu, a government body. It is provided as non-dilutive funding.