Subsidy for Fund Raising from SME Exchange

The “One District One Product (Training & Toolkit Distribution) Scheme” is operated by the Government of Uttar Pradesh under the broader One District One Product (ODOP) Programme. The ODOP programme was launched in 2018 to promote unique local products in each district of Uttar Pradesh. This particular sub-scheme focuses on training artisans/entrepreneurs and distributing toolkits to equip the workforce. Its purpose is to strengthen the value-chain of district-specific products by building skills and providing tools, thus enabling you (as an MSME) to access better productivity and market opportunities.

Key Features
Financial Assistance
Eligibility Criteria
Documents Required
Application Process for the Scheme

Key Features

Subsidy of a defined percentage of listing costs: When your SME undertakes listing on a SME Exchange, certain costs (for example filing fees, underwriting or securities expenses, listing compliance, broker/market-making fees) are incurred. Under this scheme, you can claim subsidy covering a part of those costs, thereby lowering your net cost of listing.
One-time assistance upon successful listing: The scheme provides the benefit as a one-time assistance rather than recurring subsidy. Once you successfully list on the SME Exchange and incur eligible expenses, you apply and receive the subsidy.
Maximum cap on subsidy amount: There is a ceiling on how much subsidy you can claim. For example, one document notes “One-time assistance of 50% of the expenditure incurred for listing, subject to a maximum of Rs. 30 lakh for successful listing on the SME Exchange.” Thus you must check the cap and plan accordingly.
Applicable to high growth potential SMEs raising equity via SME Exchange: The scheme is targeted at SMEs (not micro units) which are looking to raise funds through equity listing via SME Exchange this means your enterprise should have the growth potential, be located in Tamil Nadu, and comply with listing norms.

Financial Assistance

Component	Assistance Provided	Detailed Explanation & Example
Subsidy on listing expenses	A percentage (e.g., 50%) of listing expenses, subject to cap	Example: Suppose your SME incurs ₹40 lakh in listing-related costs; if the subsidy rate is 50% and cap is ₹30 lakh, your subsidy claim = min(50% of 40 = ₹20 lakh, cap ₹30 lakh) = ₹20 lakh.
Maximum subsidy per enterprise	Up to around ₹30 lakh	Example: Even if your listing cost is ₹70 lakh, 50% would be ₹35 lakh but subsidy capped at ₹30 lakh → your benefit = ₹30 lakh.

Eligibility Criteria

Who Can Apply:

Micro, Small and Medium Enterprises (MSMEs) registered in Tamil Nadu that plan to list on an SME Exchange.
Both manufacturing and services sector units (if they meet the high-growth potential criteria).
Units that have successfully completed the listing process on a recognised SME Exchange and incurred listing-related expenses eligible under scheme norms.

Who Cannot Apply:

Enterprises located outside Tamil Nadu.
Units that have not completed listing on an SME Exchange (i.e., listing must have occurred before subsidy claim).
SMEs that do not meet the listing expense incurred requirement or wrongly claim costs unsupported by documentation.
Pure trading enterprises or units that are not permitted to raise equity via SME Exchange under applicable regulations.

Documents Required

Udyam Registration Certificate or MSME Registration evidence.
Certificate of listing on the SME Exchange (date, exchange name).
Detailed statement of listing-related expenses (filing fees, broker fees, printing/prospectus costs, etc.).
Chartered Accountant (CA) certificate certifying expenses incurred.
Bank statements evidencing payment of listing costs.
Enterprise constitution documents (MOA/AOA, company registration).
Sector classification (manufacturing or services) and address proof of unit.

Application Process for the Scheme

Option 1: Apply with Bullit (Recommended)

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Option 2: Apply via Official State Portal

Ensure your enterprise has been listed on a recognised SME Exchange and you have incurred listing costs.
Visit the Tamil Nadu MSME/Industry Department’s portal and locate the scheme “Subsidy for Fund Raising from SME Exchange”.
Download or access the application form, fill in enterprise and listing details, and attach required documents.
Submit online (or via designated District Industries Centre/portal) within the stipulated timeline after listing.
After verification of listing status and expenses, subsidy sanction is issued and payment made as per norms.

Power Combos with The Scheme