On Wednesday, the Tamil Nadu government handed over orders amounting to Rs 10.85 crore for eight startups run by entrepreneurs from scheduled castes and tribes.
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 have received funding are active in a number of sectors, including fast-moving consumer goods (FMCG) drone technology, Internet of Things (IoT), online commerce, media and entertainment.
The budding entrepreneurs who received the orders hail from Chennai, Coimbatore, Tiruppur and Ramanathapuram districts, the release added.
