The correct answer is New Entrepreneur cum Enterprise Development Scheme (NEEDS).
NEEDS is a scheme launched by the Government of Tamil Nadu in 2016 to promote entrepreneurship among youth. The scheme provides financial assistance, training, and mentoring to young entrepreneurs. The scheme is open to all youth who are residents of Tamil Nadu and who have a business idea.
The scheme provides financial assistance of up to Rs. 10 lakhs to eligible entrepreneurs. The assistance can be used for setting up a new business or for expanding an existing business. The scheme also provides training and mentoring to entrepreneurs. The training is provided by the government-run Tamil Nadu Industrial Development Corporation (TIDCO). The mentoring is provided by experienced entrepreneurs.
The scheme has been successful in promoting entrepreneurship among youth. In the first two years of the scheme, over 10,000 young entrepreneurs have received financial assistance. The scheme has also helped to create over 10,000 jobs.
The other options are:
- Startup India: Startup India is a flagship initiative of the Government of India to promote entrepreneurship and innovation. The scheme provides a number of benefits to startups, including financial assistance, tax breaks, and mentoring.
- Stand-Up India: Stand-Up India is a scheme launched by the Government of India to promote entrepreneurship among women and SC/ST entrepreneurs. The scheme provides financial assistance, training, and mentoring to eligible entrepreneurs.
- Mudra Yojana: Mudra Yojana is a scheme launched by the Government of India to provide loans to small businesses and entrepreneurs. The scheme provides loans of up to Rs. 10 lakhs to eligible borrowers.
These schemes are all aimed at promoting entrepreneurship and innovation in India. However, NEEDS is specifically aimed at promoting entrepreneurship among youth in Tamil Nadu.