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One Family One Enterprise Scheme

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About This Scheme

The Government of Kerala approved the scheme “One Family One Enterprise” to encourage entrepreneurial activity in every household and empower women's entrepreneurship. This scheme aims to set up at least one MSME unit including trade activity in each family. The MSMEs primarily rely on bank finance for their operations. Providing assistance in the early stage of the establishment of the enterprise will enhance the competency of the MSME unit. The scheme intends to provide interest subvention on Term loans and/or Working capital loans availed by MSME units from financial institutions viz. Nationalized Banks, Scheduled Banks, KSIDC, KFC, KSFE and Kerala Bank. The units engaged in manufacturing, service, and trading are eligible for the assistance. 50% of the beneficiaries under the scheme shall be women entrepreneurs. > Objectives: The scheme envisages encouraging entrepreneurial activity in every household and promoting upcoming entrepreneurs in setting up enterprises through providing interest subvention for loan amounts up to ₹10 lakh (for fixed capital loan and/ or working capital loan) of the project cost.

Benefits

1. The assistance provided under this scheme shall be in the form of an interest subvention on a reimbursement basis.

₹10.0 L

1. All new MSMEs engaged in manufacturing, service, and trading activities shall be eligible for interest subvention on the interest charged by the financial institution on an approved project for loan amounts up to ₹10 lakhs (for Term loan and/or working capital loan) for a period of five years from the date of disbursement of the 1st installment of the loan by the financial institution.

₹10.0 L

1. In a case where the loan amount exceeds ₹10 Lakhs, the interest subvention shall be considered for loans up to ₹10 Lakhs only.

1. The rate of subvention will be up to a maximum of 6%. The subvention will be the difference in the rate of interest charged by the financial institution and 4 %.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

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Copy of Photo identity proof of the Promoter/ Promoters
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Copy of Udyam Registration
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Copy of Partnership deed/Memorandum and Articles of Association/ Bye-laws in case of units other than proprietary
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Self-attested copy of registration certificate from Registrar of Company/Firm/Society, for units other than proprietary
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Resolution towards applying for this assistance in case of units other than proprietary.
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A copy of the loan sanction letter from the bank
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Copy of recommendation letter from bank
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Statement from the bank showing the disbursement details, loan repayment.
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Project report ( Approved by Financial Institution)
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In case units have availed/are availing assistance under the PMFME scheme, supporting documents to substantiate the same.
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In the case of a belated application, request for condonation for the delay in filing the application.
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Copy of title/ lease deed /Allotment order and remittance particulars in case of units in DA, DP, etc.
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The applicant shall provide all required details, if so required by the sanctioning authority to assess the eligibility of the application. ( Date of commencement of production, the unit is working etc.)

✦ Required ◦ Optional

How to Apply

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Quick Info

Level: State Government
Max benefit: ₹10.0 L