Back to Schemes
Business & Entrepreneurship

Subsidy for Fund Raising from SME Exchange

The scheme "Subsidy for Fund Raising from SME Exchange" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced with the objective to facilitate high growth potential SMEs in the State to raise equity capital through SME Exchange utilizing IPOs.

Authority

State/ UT

Region

Tamil Nadu

Status

Verified 2026

Updated

March 2026

What you get

Assistance with a maximum of ₹ 30,00,000, subject to 50% of the total expenditure incurred on SME IPO.

Who can apply

All new Micro and Small enterprises set up in declared 254 industrially backward blocks are eligible; The applicant should be qualified for listing, in line with the norms prescribed by the National Stock Exchange/ Bombay Stock Exchange.; Only Merchant Banker Fees, Due Diligence Fees, Registrar and Transfer Agent Fees, Peer Review Auditor Fees, Exchange Fees, and Listing Charges Are Eligible for Reimbursement.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the maximum assistance one can receive under the "Subsidy for Fund Raising from SME Exchange" scheme?

The scheme provides assistance of up to [?]30,00,000, covering 50% of the total expenditure incurred on SME IPO.

Who is eligible to apply for this scheme according to the Micro Small and Medium Enterprises Department, Government of Tamil Nadu?

All new Micro and Small enterprises established in declared 254 industrially backward blocks are eligible, provided they meet the listing criteria of National Stock Exchange/Bombay Stock Exchange.

What are the documents required for applying to the scheme, particularly for enterprises functioning in leased land/building?

For enterprises in leased land/building, documents include a copy of the lease agreement deed executed on a [?]100 stamp paper for a minimum period of 11 months, among other specified documents.

Where can an applicant track the status of their application for the "Subsidy for Fund Raising from SME Exchange" scheme?

Applicants can track their application status through the provided link: https://www.msmeonline.tn.gov.in/incentives/app_track.php?id=Track%20Your%20Status

What is the application timeline for the scheme after listing on the SME Exchange?

Applications should be submitted within 6 months from the date of listing on the SME Exchange.

Are there any specific exclusions mentioned in the eligibility criteria for this scheme?

No, there are no exclusions specified in the eligibility criteria for the "Subsidy for Fund Raising from SME Exchange" scheme.

What is the format and size requirement for submitting documents for the scheme application?

All documents must be in PDF format with a file size less than 200 kb.

What fees are eligible for reimbursement under this scheme?

Merchant Banker Fees, Due Diligence Fees, Registrar and Transfer Agent Fees, Peer Review Auditor Fees, Exchange Fees, and Listing Charges are eligible for reimbursement.

Can you specify the proof required for the details of expenditure incurred for listing in the exchange?

Proof should be certified by a Chartered Accountant and submitted as part of the application, detailing the expenditure for listing in the exchange.