Monday, Dec 4 2023 | Time 02:04 Hrs(IST)
image
Business EconomyPosted at: Nov 5 2021 2:27PM


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
Please log in to get detailed story.
Tags: #KSUM launches soft loan scheme exclusively for women start-ups
More News
India will witness explosion of economic growth over next 25 years: Mukesh Ambani

India will witness explosion of economic growth over next 25 years: Mukesh Ambani

02 Dec 2023 | 9:03 PM

Ahmedabad, Dec 2 (UNI) Stating that India will witness an unprecedented explosion of economic growth, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Saturday said that the size of
the Indian economy will grow to US$ 40 trillion by 2047 from US$ 3.5 trillion now.

see more..

RSP achieves best April – Nov performances in three key sectors

02 Dec 2023 | 7:51 PM

Bhubaneswar, Dec 2 (UNI) Rourkela Steel Plant (RSP), a unit of the Maharatna Company SAIL, has achieved its best April-November performance in the fiscal year 2023-24.

see more..

Uno Minda to increase land banks for expansion in TN, Pune, North India

02 Dec 2023 | 6:28 PM

Chennai, Dec 2 (UNI) Leading auto component makers and suppliers Unio Minda Limited has chalked out expansion plans, including in Tamil Nadu in South India, and is planning to increase its land bank in this regard in key states.

see more..

New look, changed appearance boost demand for Benzer Paint

02 Dec 2023 | 6:13 PM

Pune, Dec 2 (UNI) A rising star of the paints industry, Benzer Paints has changed its look and has focused on supplying higher quality products in the same price, boosting demand for the company's products.

see more..

Escalating healthcare costs, mental health concerns impacting India Inc: survey

02 Dec 2023 | 5:56 PM

Mumbai, Dec 2 (UNI) A survey conducted by Global Insurance Brokers (GLOBAL) has presented interesting insights into impact of surging healthcare expenses on Corporate India in the post-COVID-19 landscape, revealing that an overwhelming 88 per cent of Corporate India is struggling primarily due to escalating hospital bills.

see more..
image