Launch of the scheme
Mudhalvarin Kaakkum Karangal Scheme: The Tamil Nadu Chief Minister launched the Mudhalvarin Kaakkum Karangal Scheme on August 19, 2025. The scheme aims to empower ex-servicemen and their wards by providing financial and training support. It is part of the state’s larger focus on welfare and economic independence for veterans.
Financial support provisions
The scheme provides loan assistance up to ₹1 crore for ex-servicemen and their wards to start small or medium businesses. Along with loans, a 30% capital subsidy is given to reduce the burden of initial investment. To further ease repayment, a 3% interest subsidy has been included.
Static GK fact: SIDBI and NABARD are among the major financial institutions in India that offer subsidized loan schemes for small businesses.
Focus on skill training
The initiative does not restrict itself to financial aid. It also emphasizes skill training in entrepreneurship, ensuring that beneficiaries are equipped with practical knowledge to manage and grow their businesses effectively. This dual approach combines both monetary and knowledge-based support.
Static GK Tip: The Ministry of Skill Development and Entrepreneurship was formed in 2014 to promote skill-building across India.
Beneficiary scope
Initially, the government expects around 400 retired personnel to benefit from the scheme within two years. Over time, the coverage may expand depending on performance and demand. By targeting veterans and their families, the program creates new livelihood opportunities for a community that has served the nation.
Significance for Tamil Nadu
This scheme highlights Tamil Nadu’s proactive steps in veteran welfare and self-reliance. It is expected to boost local entrepreneurship, encourage financial stability for ex-servicemen, and contribute to regional economic development. Such initiatives also strengthen the social safety net for families that have a history of service to the country.
Static GK fact: Tamil Nadu is one of the leading states in India for welfare schemes, with a strong tradition of social security programs since the Dravidian movement era.
Static Usthadian Current Affairs Table
Mudhalvarin Kaakkum Karangal Scheme:
| Topic | Detail |
| Scheme Name | Mudhalvarin Kaakkum Karangal Scheme |
| Launch Date | August 19, 2025 |
| Launched By | Tamil Nadu Chief Minister |
| Beneficiaries | Ex-servicemen and their wards |
| Loan Assistance | Up to ₹1 crore |
| Capital Subsidy | 30% |
| Interest Subsidy | 3% |
| Additional Support | Skill training in entrepreneurship |
| Expected Beneficiaries | Around 400 retired personnel in two years |
| Objective | Promote business opportunities and self-reliance among ex-servicemen |
