Home |Business | Which are the different governnment loans available for starting and running a business in Kerala?

Which are the different governnment loans available for starting and running a business in Kerala?

Answer Notify Me - 1 Notifying - 2



Vinod Vinod
Answered on December 22,2020

Various Govt agencies providing for the promotion of entrepreneurship are as follows
 
1) KSIDC
 
Seed Funding is provided to innovative ventures/potential start-ups promoted by young entrepreneurs, subject to a maximum of Rs 25 lakhs per venture or 90% of the initial cost of the project, whichever is lower. The objective of the Scheme is to promote entrepreneurship among the youth of the State making them job providers rather than job seekers. KSIDC has sanctioned seed fund to 100+ innovative start-ups. The sanctioned companies are those which are into health services, agriculture, web & application development, ecommerce platforms, engineering, ayurveda, financial services, media, advertising, educational services, food processing, human resource training, biotechnology, freight services, defence-technology. The seed fund assisted companies of KSIDC have created employment opportunities for 1000+ persons.
 
2) KFC
 
a) Term Loans
b) Working Capital Loans
c) Short term Loans
d) Bill Discounting
 
3) ESS
 
Special category enterprises include Women Enterprise, with 50% of the promoters are women, young entrepreneurs, all the promoters shall be between the age of 18 and 45 and SC/ST entrepreneurs, in the case of more than one promoter at least 50% of the promoters shall be SC/ST. The special category enterprises are being provided with an additional 5% of the Fixed Capital Investment as support under this scheme.

Priority Industries, such as Rubber based, Agro based & Food processing, Readymade Garments, Industries manufacturing equipments and machinery for Non-conventional energy generation, Bio Technology based industries, 100% Export Oriented Units, Biodegradable plastic industries, Plastic waste recycling industries, Bio fertilizer Industries get an additional assistance of 10% of the Fixed Capital Investment subject to a ceiling of 10 lakhs. MSMES set up in Backward Districts of Idukki, Wayanad, Pathanamthitta, Kasargod shall be eligible for an additional assistance of 10% of the Fixed Capital Investment subject to a ceiling of 10 lakhs.
 
Source: This answer is provided by Kerala State Industrial Development Corporation.

Clap Clap 0
Share Share Answer Share Share
Views 40 views
tesz.in
Hey , can you help?
Answer this question
Guide

How to set up a business in India from scratch?

Setting up a Business in India involves the following steps Choosing the type of business Business Registration Process Central and State level Approvals / Compliances Wi..
  Click here to get a detailed guide
Guide

How to register on K-Swift website?

The government of Kerala has introduced an online single-window clearance mechanism,Kerala Single Window Interface for Fast and Transparent (K-SWIFT) clearance, to help entrepreneurs to set ..
  Click here to get a detailed guide
Guide

How to set up a business in Kerala from US or UK or Gulf?

Are you an NRI or NRK who wants to set up a business in Kerala. Then you have come to the right place.  Setting up a business in Kerala involves the following steps. Choosing the ..
  Click here to get a detailed guide

Related Questions