CM launches scheme to help ex-servicemen start biz
At the Secretariat, Stalin handed over sanction orders to 15 ex-servicemen, marking the rollout of assistance to 155 veterans to start businesses. The scheme, announced in his 2024 Independence Day address, has an outlay of 24.43crore. In its first phase, 348 ex-servicemen and their families will benefit, with a total cost of 50.5crore.
Under the scheme, veterans can avail bank loans up to 1crore with 30% capital subsidy and 3% interest subsidy.
Applications will be screened by district-level committees headed by collectors. Based on their approval, banks will issue provisional sanction orders. Beneficiaries will undergo entrepreneurship training at state's Entrepreneurship Development and Innovation Institute in Chennai, after which final loan sanction will be given.
The scheme will later be scaled up to benefit 500 more veterans. State govt currently provides a range of welfare measures for ex-servicemen, including stipend support for children, ex-gratia jobs for dependents of those killed in action, re-employment assistance, and educational reservations.
The new scheme, officials said, is intended to ensure sustainable livelihoods for veterans who dedicated their youth to military service.
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Stalin also distributed appointment orders to 45 candidates selected through Tamil Nadu Public Service Commission (TNPSC) for assistant engineer posts in the highways department, handing orders to five of them as a symbolic gesture. Officials said highways play a crucial role in economic growth, and govt has been investing in strengthening infrastructure while filling vacancies to ensure smooth execution of projects.
Since May 2021, the department has recruited 1,016 personnel through direct recruitment and compassionate grounds.
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