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Soft Loan Scheme for Women Entrepreneurs

The scheme “Soft Loan Scheme for Women Entrepreneurs” was started under Kerala Startup Mission to support women startups with a soft loan of an amount limited to ₹15 Lakhs as working capital for implementing works & projects received from Govt. departments and Public Sector Undertaking in Kerala.

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About This Scheme

The scheme “Soft Loan Scheme for Women Entrepreneurs” was started under Kerala Startup Mission (KSUM) to support women startups with a soft loan of an amount limited to ₹15 Lakhs as working capital for implementing works and projects received from the Govt. departments and the Public Sector Undertakings in Kerala. Women Entrepreneurs: 1. Women entrepreneurs are defined as women or a group of women who initiate, organize, and operate a business enterprise. 1. A women's enterprise should have at least 51% of shares with women founders in the case of service enterprises. 1. In the case of women enterprises who have received equity funding, majority shares should be maintained with women founders/founders.

Benefits

1. Soft Loan against Purchase order will be given to Women Entrepreneurs at the rate of 6% per annum on simple interest.

1. The amount of the loan is limited to 80% of the Purchase order and disbursement is as an advance against the milestone payment agreed by the client.

1. The repayment period of the loan is 1 year or completion of the project with full settlement whichever is earlier.

₹15.0 L

1. The maximum amount of loan outstanding will be ₹15 lakhs.

Note: The Startup shall ensure the proper delivery of the product service specified in the purchase order and the disbursement from the second installment will be based on the satisfactory completion of a milestone as certified by the client.

Eligibility

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

Required Documents

✦
Udyog Aadhar/Udyam Registration
✦
KSUM Unique ID
✦
Copy of PAN Card
✦
Copy of Memorandum of Understanding
✦
Details of soft Loan sought from KSUM
✦
Any other document as demanded by the recommending/sanctioning authority.

✦ Required ◦ Optional

How to Apply

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Quick Info

Level: State Government
Max benefit: ₹15.0 L