The Low Tension Power Tariff (LTPT) Subsidy Scheme by the Tamil Nadu government helps MSMEs cut electricity Read More... costs by offering a 20% subsidy for 36 months. Read less
Details
Are you an MSME in Tamil Nadu looking to reduce your electricity bills? The state government has a special scheme just for you!
This scheme, managed by the Micro, Small and Medium Enterprises (MSME) Department of Tamil Nadu, is designed to ease the financial burden of electricity costs for eligible MSMEs. It provides a significant subsidy on your low-tension power usage.
The LTPT Subsidy is for various MSME manufacturing enterprises across Tamil Nadu. This includes new units, as well as existing ones that are expanding or diversifying.
Electricity costs can be a major expense for businesses. By providing a subsidy, the government aims to make it more affordable for MSMEs to operate and grow, encouraging industrial development within the state.
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To qualify for the LTPT Subsidy, your enterprise must meet certain conditions:
Important Note: Only industries using Low Tension Power supply (Tariff III B) are eligible.
For Businesses with Multiple Connections:
Here’s how you can apply for the LTPT Subsidy:
Official Contact/Submission Point:
You will need to submit the following documents:
For the Eligibility Certificate Application:
For the Subsidy Application (Claim):
Important Notes on Documents:
What is the main goal of the LTPT Subsidy scheme?
The primary aim of the LTPT Subsidy scheme is to help MSME businesses in Tamil Nadu lower their electricity expenses by providing a 20% subsidy for 36 months, starting from when they commence production or get their power connection.
Can I apply for the subsidy if my application is late?
No, if you submit your application for an eligibility certificate more than three months after starting commercial production or getting your power connection, it won't be considered eligible for the LTPT subsidy.
How long will I receive the LTPT subsidy?
Eligible enterprises can avail the 20% LTPT subsidy for a period of 36 months. This duration begins from the date production starts or the power connection is obtained, whichever is later.
What are the requirements for existing businesses expanding or diversifying?
For existing enterprises to qualify during expansion or diversification, they must increase the value of their plant and machinery by at least 25% of what they currently have. Simultaneously, their turnover should also see a 25% increase, either for the same products or new ones.
Are agro-based industries eligible for this subsidy?
Yes, new agro-based industries are eligible for the LTPT subsidy, provided they are established in any of the 385 designated blocks within the state.
When should the first subsidy claim be submitted, and how often are later claims made?
Your first subsidy claim must be submitted within 30 days after your Eligibility Certificate is issued. After that, you can submit subsequent claims every six months, covering the electricity bills issued by TNEB.
What is the deadline and method for submitting the LTPT subsidy application?
Industries need to submit their LTPT subsidy application within three months of starting commercial production or getting their power connection. You can apply online or submit your application through the GM, DIC or RJD, Chennai.
Are there any specific restrictions on the types of manufacturing activities eligible?
Certain manufacturing activities, like sugar production, distilleries, tobacco products, cement, and some specific agro-based industries in certain areas, are not eligible for the LTPT subsidy.
Will I get updates on my application status?
The application portal may send updates about your application's status directly to you via email or SMS.
What are the file size and format requirements for uploading documents?
Yes, all documents you upload must be in PDF format (.pdf). Ensure that each file is not larger than 200 kb.
Do I need to provide original documents for the LTPT Subsidy application?
You should have the original documents ready for verification during inspections, and they will be returned to you. If the originals are with your financing bank, you can submit copies attested by the Bank's Branch Manager.