The Tamil Nadu government aims to boost women’s entrepreneurship through the ‘Vetri
GS3Economy · S&T · Environment · Security· Employment & inclusive growth· Prelims·
Gender-specific credit access and MSME support: a relevant GS3 Economy and Inclusive Growth case study.
Why in news
The Tamil Nadu government announced the ‘Vetri Magalir Thozhilmunaivor Membattu Thittam’ to provide financial assistance to women entrepreneurs.
Background
The scheme offers loans ranging from ₹10 lakh to ₹5 crore at an interest rate of 9.95%. Loans are disbursed through the Tamil Nadu Industrial Investment Corporation (TIIC).
Facts for Prelims
- SchemeVetri Magalir Thozhilmunaivor Membattu Thittam: Tamil Nadu government scheme for women's entrepreneurship
- BodyTamil Nadu Industrial Investment Corporation (TIIC): Body responsible for loan disbursement under this scheme
- FactLoan amount range: ₹10 lakh to ₹5 crore
- FactInterest rate: 9.95%
Prelims practice question
With reference to the Vetri Magalir Thozhilmunaivor Membattu Thittam scheme, consider the following statements:
- The scheme provides financial assistance to women entrepreneurs in Tamil Nadu.
- The scheme offers loans at a fixed interest rate of 12.5%.
- Loans are disbursed through the Tamil Nadu Industrial Investment Corporation (TIIC).
Which of the statements given above is/are correct?
- (a)2 only
- (b)1 and 2 only
- (c)1 and 3 only
- (d)1, 2 and 3
Show answer
Answer: (c) 1 and 3 only — Statements 1 and 3 are correct. Statement 2 is incorrect: The interest rate is 9.95%.
For Mains
Q. Discuss how targeted credit schemes and institutional support can bridge the gender gap in entrepreneurship and promote inclusive economic growth in India.
Dimensions to cover in your answer
- Credit accessibility: Addressing collateral requirements and high-interest barriers for women-led MSMEs
- Institutional synergy: Leveraging State Industrial Investment Corporations to provide specialized technical and financial handholding
Keywords: Women Entrepreneurship · Financial Inclusion · MSME Support · Credit Accessibility · Inclusive Growth
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.