The Hindu·3 min read·medium

Tamil Nadu government to expand cooperative lending under Singapengal Entrepreneurship Credit Scheme

T
The Hindu Bureau
Tamil Nadu government to expand cooperative lending under Singapengal Entrepreneurship Credit Scheme
AI Summary

The Tamil Nadu government is expanding its Singapengal Entrepreneurship Credit Scheme to include youth and marginalized communities alongside existing self-help groups. The initiative aims to boost local entrepreneurship through increased cooperative lending targets.

The Tamil Nadu government has decided to implement the Singapengal Entrepreneurship Credit Scheme by restructuring and broadening the scope of lending through cooperatives to include youth and marginalised sections of society as beneficiaries, apart from members of self-help groups (SHGs), to promote entrepreneurship.

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