The Tamil Nadu government on Wednesday presented orders amounting to Rs 10.85 crore to eight startups run by entrepreneurs belonging to scheduled caste and scheduled tribe communities.
With the backing of the government in terms of investment, the startups would gain more credibility, helping them acquire new clients and take up expansion in other markets, an official release said here.
Chief Minister M K Stalin presented the investment orders to the beneficiaries at the Secretariat on Wednesday.
The startups that received the funding are engaged in various sectors including fast-moving consumer goods (FMCG), drone technology, Internet of Things (IoT), e-commerce, media, and entertainment.
The budding entrepreneurs who received the orders hail from Chennai, Coimbatore, Tiruppur and Ramanathapuram districts, the release added.
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