TAMILNADU FINTECH POLICY 2021

Fintech or Finance Technology :

It refers to new technologies that are used to improve and automate the delivery and use
of financial services

Examples for financial services

1. Digital currency
2. Online trading
3. Mobile and web based payment systems

Technologies used to provide financial services

1.Data Science

2.AI,Robotics,Machine learning

3.Block chain

4.RFID

Need for this policy

1.Internet users in TN – Increasing

2.TN has 5% of India’s total number of Fintech firms

Vision:

To Transform Tamilnadu into a leading global destination for fintech firms

Mission:

1.Increasing financial inclusion and financial adoption

2.Develop industry – academia linkages

3.Develop,attract, and nurture talent in the fields of fintech

 3.Develop the necessary infrastructure

4.Develop partnerships with other leading Fin Tech centers across world

Goals:

 To became the leading state in the country during 2021-2025.

 Develop a Fin Tech city in the state with 1 million square feet of working space
 Set up skill centres for Fin Tech in the state

Features:

1.Fintech Initiatives:

1. Fintech cell :
Promotion,Facilitation and advisory activites
2. Finblue
 To identify Potential startups
 Offer technical support
 Mentoring
 Access to finance
3. Fintech city in Chennai at Nandambakkam - by TIDCO plug
4. Fintech Registry :
 To track and monitor progress of Fintech firms
5. Digital payment zones
6. TIDEL NEO Parks

2.Creating an enabling ecosystem

By providing:

1.Power infrastructure

2.Connectivity infrastructure

3.IT infrastructure and cyber security

3.Funding support

1.Tamilnadu Startup Seed Grant Fund (TANSEED) –Rs.5 crores

2.Tamilnadu Emerging sector seed Fund –Rs.20 crores

3.Yaadhum Oorae

4.Incentives

1.Operational expenses –Upto 5lakh/year

2..Marketing Support – Upto 2 lakh /year

3.Skill Development expenses – Upto 3 lakh/year

5.Governance Mechanism:

1.Fintech Governing Council

2.Implementation agency - SIPCOT

 TAMILNADU ELECTRIC VEHICLE POLICY 2019

To promote electric vehicle adoption in Tamil Nadu

Aim

promoting EV manufacturing as well as EV marketing in the state

HIGHLIGHTS:
To promote investment in

electric vehicle manufacturing,

EV battery manufacturing and

EV charging infrastructure manufacturing, and

equipment manufacturing enterprises

Concessions

100% road tax exemption will be provided till 30.12.2022.

Waiver on Registration charges/fees will be done as per Government of India’s

notification.

Electrify 5% of buses every year by 2030, and convert shared mobility fleets,

institutional vehicles, and e-commerce delivery and logistics vehicles to EVs by 2030.
Convert all auto-rickshaws in six major cities to EVs within a span of 10 years.

Establish venture capital and business Incubation service

hubs to encourage electric vehicle start-ups.

EV-related and charging Infrastructure manufacturing units

will receive 100% exemption on electricity tax till 2025.