Entrepreneurship Development / Start Ups

KSIDC > Entrepreneurship Development / Start Ups

Entrepreneurship Development / Start Ups

Kerala State Industrial Development Corporation Ltd. (KSIDC), an industrial and investment promotion agency of the Government of Kerala has been involved in various Startup initiatives like Business Incubation Centres, mentoring sessions for young entrepreneurs, seed funding for innovative start-ups etc. The Innovative finance scheme was launched as part of YES (Young Entrepreneur Summit 2014) initiative. Under the scheme, innovative ventures are given seed fund by way of soft loan upto 90% of the project cost or Rs.25 lakhs whichever is lower. The seed fund assistance will be sanctioned as Soft Loan for a period of three year at the prevailing RBI bank rate as on the date of sanction of financial assistance. The company can either repay the loan or convert it to equity limited to19% on mutually agreed terms within 3 years from the date of disbursement.

Apart from this, for 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.

Under these schemes, the Project Evaluation Memorandum and specific Term Sheet shall be placed before the expert Committee constituted for evaluation of the start-up proposals.

 

Link for applying Online to Startup and We Mission Schemes 

Online Application

Contact Details 

Mr. Nithesh B
Manager(Project Finance)
KSIDC.Ltd,
2nd Floor.Choice Towers,
Manorama Junction, Kochi-682016
Email Id:[email protected]
Ph: 0484-2323010/2323101
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Mr Vinu K.R.
Project Officer(IF &WE Mission)KSIDC.Ltd,
2nd Floor.Choice Towers,
Manorama Junction, Kochi-682016
Email Id:[email protected]
Ph: 0484-2323010/2323101

 

call us now +91 4712318922

Last Updated on: 8 December 2022
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