Soft Loan Scheme for Women Entrepreneurs
At a Glance
Scheme Category
Business & Entrepreneurship,Setting up / start-up / entrepreneurship,Loan
Target Beneficiaries
Business Entity,Industries
Brief Description
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.
Benefit Type
Cash
Eligibility Criteria
1. The Startup should be approved by DPIIT and have the Unique ID issued by the Kerala Startup Mission. 2. The women co-founder should have a majority stake in the startup. 3. The Startup should be registered in Kerala. 4. 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&39;s founder for availing the loan.
Application Mode
Online
Application Process
Step 01: The <nis:link nis:type=webUrl nis:id=slugId nis:text="application form" nis:value=https://forms.zohopublic.com/keralastartupmission/form/ClientDetails5/formperma/pHEDe4UlSNQ5cXpPFZ5licNJjnqgSQEg42JA9s-OW-Q nis:enabled=true/> can be submitted online through the Official website of the Kerala Startup Mission, Government of Kerala. The applicant needs to visit the <nis:link nis:type=webUrl nis:id=slugId nis:text="official website" nis:value=https://startupmission.kerala.gov.in/ml/schemes/women/soft-loan nis:enabled=true/>. Step 02: On the home page, click on ‘Women’ and then click on “Soft Loan” Scheme. Step 03: Now, click on the ‘Apply’ button and fill out the application form completely. Step 04: After filling out the application form and click on the ‘Submit’ button.
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.
FAQs
What is the “Soft Loan Scheme for Women Entrepreneurs” scheme?
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.
What does “Women Entrepreneurs” mean?
Women entrepreneurs are defined as women or a group of women who initiate, organize, and operate a business enterprise.
Which is the implementing department of this scheme?
Kerala Startup Mission, Government of Kerala
Which type of enterprise/startup is eligible to get the benefits of the scheme?
The women's enterprise/startup is eligible to get the benefits of the scheme. The women co-founder should have a majority stake in the startup.
Is it necessary for a startup to be approved by DPIIT?
Yes, the Startup should be approved by DPIIT and have the Unique ID issued by the Kerala Startup Mission.
Is it necessary for a startup to be registered in Kerala?
Yes, the Startup should be registered in Kerala.
What is the benefit of the scheme?
Under the scheme, a soft loan of an amount limited to ₹15 Lakhs as working capital for implementing works and projects will be given to women startups.
What is the rate of interest on the loan?
Soft Loan against Purchase order will be given to Women Entrepreneurs at the rate of 6% per annum on simple interest.
What is the repayment period of the loan?
The repayment period of the loan is 1 year or completion of the project with full settlement whichever is earlier.
Which type of works and projects are eligible for the loan under the scheme?
The works and projects which are received from the Govt. departments and the Public Sector Undertakings in Kerala are eligible for the loan.
How can an applicant unit apply under the scheme?
The application form can be submitted online through the Official website of the Kerala Startup Mission, Government of Kerala. https://forms.zohopublic.com/keralastartupmission/form/ClientDetails5/formperma/pHEDe4UlSNQ5cXpPFZ5licNJjnqgSQEg42JA9s-OW-Q