Coimbatore, June 18 (KNN) Under the New Entrepreneur cum Enterprise Development Scheme (NEEDS), 85 beneficiaries in Coimbatore district have received the subsidy against the target of 63.

In 2021-22, the target for the district with regards to the disbursement of subsidy of ₹ 6.36 crore was 63 beneficiaries, as per the General Manager of District Industries Centre, B. Karthigaivasan.

However, 85 people received Rs 18.47 crore subsidy for projects that involved totally Rs 73.88 crore.

Under schemes for capital subsidy, interest, power, and quality certification subsidies, about 405 people received Rs 37.7 crore financial support.

Of this, 344 Micro, Small and Medium-scale Enterprises (MSME) units received Rs 32.30 crore capital subsidy and 46 units received Rs 4.88 crore power subsidy.  (KNN Bureau)