Chennai : Despite a huge revenue deficit, the Tamil Nadu government has announced a slew of schemes to help promote equitable and socio-economic development in its budget for 2017-18. The state has decided not to introduce any new tax. In his maiden budget presented on Thursday, state finance minister D Jayakumar announced a sum of R150 crore towards the Tamil Nadu Skill Development Mission to train 1 lakh youth. Also announced that the state skill mission will establish India International Skill Centres at three cities.
A special project to develop product-specific integrated MSME clusters in four locations, namely a textile cluster each in Kancheepuram and Karur District, a food products cluster in Dharmapuri and a seafood cluster in Ramanathapuram with a JICA-assisted programme, doubling of allocation of capital subsidy to MSME units to R160 crore.
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