The innovative start-ups which have started commercial operation has the option to avail scale up loan assistance @7% interest rate/equity assistance up to 80% of the scale up project cost or Rs.50lakhs whichever is lower. This loan shall be repaid in 3 years.
• Innovative Start-Ups completed product development with sufficient traction over years.
• Launched in the market and started revenue generation.
• provided only to registered companies.
• Promoters Credit Report will be obtained from Banks/ Financial Institution which shall be satisfactory; CIBIL score of the promoters will also be obtained, which shall be a minimum of 650.
Nature of Assistance
•Up-to 80% of project cost limited to Rs. 50 lakhs as soft loan for 3 years; or
•Funding can be provided also as share capital assistance (limited to 19%).
•Also has option to invest at valuation price based on professional valuation
•Simple interest at 7%.
•In 30 monthly instalments after 6 months’ moratorium.
Procedure for Applying Scale-up Fund Assistance at KSIDC
Start-ups that wish to avail scaleup assistance from KSIDC can call our Startup Cell helpline number (Ph:0484-2323010) or you can meet the single point contact (Vinu KR, Project Officer, KSIDC) or email us your business plan to [email protected]
On receipt of the proposal, the KSIDC Start up Team will interact with the company.
If the proposal is found to fit in as per the criteria for assistance, the application form will be provided to the company. The detailed application form can also be downloaded from the website.
Once on the application is submitted, a preliminary evaluation by the KSIDC Start up Team will be undertaken.
The proposal is then placed before the Committee entrusted for evaluation and Applicants shall be invited to present their proposal before the committee for final approval.
The eligible companies can also submit online application through KSIDC portal Online Application