Friday, Mar 29 2024 | Time 17:31 Hrs(IST)
image
Business Economy


KSUM launches soft loan scheme exclusively for women start-ups

Thiruvananthapuram, Nov 5 (UNI) Kerala Startup Mission (KSUM) has launched a soft loan scheme exclusively for women start-ups, offering up to Rs 15 lakh as working capital, for implementing works and projects received from the government departments and Public Sector Undertakings (PSUs) in the state.
The beneficiaries will be eligible for a loan amount of up to of 80 percent of the purchase order, which will be disbursed as advance against the milestone payment agreed by the client, a release said here on Friday.
The loan, which carries six percent interest, has to be repaid within one year or on completion of project with full settlement, whichever is earlier.
Startups having an active certification from the Department for Promotion of Industry and Internal Trade (DPIIT) and KSUM Unique ID can apply for the loan.
Women co-founders of start-ups can also apply for the loan provided they have a majority stake in the venture which is registered in Kerala.
Other KSUM loan schemes that give priority to women entrepreneurs include Seed Revolving Fund Scheme and Seed Fund Scheme. The former is an interest-free scheme solely for Scheduled Caste (SC) women and the latter scheme offers loan with six percent interest rate.
The seed revolving loan has an upper limit of Rs 10 lakh and a moratorium of one year. It offers repayment of 24 EMIs up to Rs 5 lakh and 36 EMIs for above Rs 5 lakh.
Unlike the grant scheme, startups can apply for the loan schemes at any time. To apply, visit: www.startupmission.kerala.gov.in. For more details, contact: 8047180470.
KSUM is the nodal agency of the government for entrepreneurship development and incubation activities in the state.
UNI DS CS 1430
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image