Financial Assistance Initiatives

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Financial Assistance Initiatives
  • WE Funding
    • To provide financial assistance to existing women entrepreneurs in the manufacturing/service business using industrial machinery/equipment for scaling up through expansion, modernization and related diversification with the turnover condition mentioned below.
    • The minimum average annual turnover shall be Rs.10.00 Lakhs for seeking assistance under this scheme up to Rs.25.00 lakhs and for above Rs.25.00 lakhs assistance, average annual turnover shall be double the loan requirement.
    • Assistance shall be given to proprietorship, partnership firms, limited liability partnerships, private limited companies etc. owned and managed by women (holding 51% or more)
    • Loan assistance of up to 80% of project cost shall be provided
    • Lending limits shall be a maximum of Rs.50.00 Lakhs
    • Interest rate of 7.50%
    • Tenure of loan shall be limited to a maximum of 6 years, including a moratorium up to 6 months from the date of sanction of loan
  • Scale Up Funding
    • For those seed fund assisted start-ups of KSIDC that have successfully completed the product development and have introduced their product in the market, started commercial operations / generating revenues
    • Further financial assistance of up to Rs. 100 lakhs for scaling up their business activities, subject to a maximum of 80% of project cost
    • Scale up support will be given as a soft loan for a period of 3 years
    • Interest rate of 7.00%t rate of 6.50% (i.e., bank rate as on date of sanction)

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Last Updated on: 19 July 2024
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