Soft Loan Scheme for Women Entrepreneurs
in Kerala
Last updated:
Soft Loan Scheme for Women Entrepreneurs in Kerala
Soft Loan Scheme for Women Entrepreneurs is a government scheme available to eligible residents of Kerala.
Apply for Soft Loan Scheme for Women Entrepreneurs in Kerala
Scheme Overview
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.
Eligibility Criteria
The Startup should be approved by DPIIT and have the Unique ID issued by the Kerala Startup Mission.
The women co-founder should have a majority stake in the startup.
The Startup should be registered in Kerala.
The client shall be a Government Department or Public Sector Undertaking
**Note 01:** The Startup will sign an agreement with the Kerala Startup Mission before availing the benefit.
**Note 02:** A personal guarantee needs to be executed by the Women's founder for availing the loan.
Benefits
Soft Loan against Purchase order will be given to Women Entrepreneurs at the rate of 6% per annum on simple interest.
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.
The repayment period of the loan is 1 year or completion of the project with full settlement whichever is earlier.
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.
Required Documents
| # | Document |
|---|---|
| 1 | Udyog Aadhar/Udyam Registration |
| 2 | KSUM Unique ID |
| 3 | Copy of PAN Card |
| 4 | Copy of Memorandum of Understanding |
| 5 | Details of soft Loan sought from KSUM |
| 6 | Any other document as demanded by the recommending/sanctioning authority. |
Common questions in Kerala
Who can apply for Soft Loan Scheme for Women Entrepreneurs in Kerala?
Eligible residents of Kerala who meet the scheme’s overall criteria can apply for Soft Loan Scheme for Women Entrepreneurs. Refer to the eligibility section above for the complete checklist.
What documents are required for Soft Loan Scheme for Women Entrepreneurs in Kerala?
Applicants in Kerala typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Under the scheme, the support will be provided to 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.