Schemes

The Corporation intends to help aspiring entrepreneurs among SC & ST Beneficiaries who are approaching the Corporation with small projects which are viable. The maximum project cost is Rs.3,00,000/-.The repayment period is 5 years (maximum) and the rate of interest is 7%. Annual Family Income upper limit is Rs. 3,50,000/-.

The objective of the scheme is to finance small and medium sized projects of SC/ST entrepreneurs with investment needs not exceeding Rs.25 lakhs which are viable and requiring less gestation period. Those who have undergone some training or acquired some specialised knowledge in the relevant activity will be given preference. It covers economic activities cutting across different economic segments like agriculture, industry, trade and commerce. The repayment period is 5 years. The rate of interest is 7% up to Rs.5 lakhs and 9 % above Rs.5 lakhs . Annual Family Income should be below 20 lakhs.

The objective of the scheme is to fund small and medium sized technology driven projects of young entrepreneurs and innovators with investment needs not exceeding Rs.50 lakhs which are viable. It covers startup ventures cutting across different economic segments promoted by even student entrepreneurs forming part of the State's initiative to materializing the concept of 'industry institute linkage'. The scheme however does not cover seed funds at the pre-commercialization stage. Students entrepreneurs from Professional Colleges with an urge for setting up knowledge driven and technology based greenfield enterprises will be given preference. The rate of interest on loan will be 7% p.a. with repayment period between 5-7 years. Annual Family Income limit of the applicant should not exceed Rs. 25.00 lakhs. loan will be 7% p.a. with repayment period between 5-7 years. Annual Family Income limit of the applicant should not exceed Rs. 25.00 lakhs.

The scheme envisages to provide Rs.50,000/- to help the SC/ST youths who possess valid visa and work agreement for getting employment in foreign countries. The repayment period is 3 years and the rate of interest is 6%. Annual Family Income limit of the applicant should be below Rs. 3.50 lakhs.

The Foreign Employment Loan Scheme (NEW) envisages providing up to Rs. 2 lakhs to those who go abroad for taking up an employment. It addresses the needs of unemployed but educated youngsters belonging to Scheduled Castes who have been offered a placement by a recognized overseas employer. The interest on loan is 6% with repayment period of 3 years. Annual Family Income limit of the applicant should not exceed Rs. 3.50 lakhs. Subsidy of upto 1 lakh will be allotted to beneficiaries, subject to terms & conditions.

The Corporation is implementing 'Vehicle Loan' to promote self employment opportunities for SC/ST beneficiaries in Kerala as it yields quick returns with minimum efforts. The scheme is made available to those candidates who have valid Driving License and badge (if needed). Maximum project cost of the scheme is Rs. 10,00,000/-. The maximum repayment period is 5 years and the rate of interest is 7% up to Rs.5,00,000/- and 8% above Rs.5,00,000/-. Annual Family Income limit of the applicant is Rs.6.00 lakhs up to loan amount of Rs.5 lakhs and Rs. 15 lakhs above loan amount of Rs. 5 lakhs.

Loan under this scheme may be utilized for purchase of second hand vehicles too (but not older than three years) subject to stipulated conditions of the scheme.

In order to help the returned NRKs (Non Resident Keralites) to find a reasonable steady income for their livelihood, Government of Kerala have started the rehabilitation package called NDPREM (Norka Department Project for Returned Emigrants). Accordingly, the Corporation (KSDC) has associated with NORKA ROOTS, the nodal agency for the programme and started 'Loan for Rehabilitation of Return Emigrants'. As per this programme, KSDC extends need based loan subject to a maximum of Rs.20 lakhs to those applicants identified and recommended by NORKA ROOTS to start viable income generating ventures. Simultaneously, NORKA ROOTS will release capital subsidy of 15% of the project cost (subject to a maximum of Rs.3 lakhs) and interest subsidy of 3% for the first 4 years, to those beneficiaries who are regular in repayment. In case of default, the benefit would be extended only if the beneficiaries clear off his/her dues. The rate of interest on loan will be 6% upto Rs.5 lakhs and 8% above Rs.5lakhs with repayment period of 5 years. Annual Family Income limit of the applicants should be below 20 lakhs.

The objective of this scheme is to provide working capital loan to authorized dealers of petroleum products belonging to Scheduled Castes communities. The maximum loan amount admissible per head is Rs.10 lakhs. The repayment period is 8 years and the rate of interest is 4%. Annual Family Income limit of the applicant should not exceed Rs. 6 lakhs.

This scheme is meant to assist technically trained Scheduled Caste candidates like professionally qualified persons like Doctors, Engineers, Chartered Accountants, Pharmacists etc. to take up self employment activities. The loan ceiling is Rs.5,00,000/- per eligible person. The maximum repayment period is 5 years and the rate of interest is 8%. Annual Family Income of the applicant should not exceed Rs. 3,50,000/-.

This loan is meant to cover various personal needs such as medical exigencies, travel, or other urgent expenses. The maximum loan amount available is ₹4 lakhs, with an interest rate of 10% per annum. Maximum repayment period of five years and minimum period is 6 months. The annual family income limit is ₹8 lakhs.

This personal loan is provided specifically to government servants and functions similarly to the general personal loan. It offers up to ₹4 lakhs at an interest rate of 10%, repayable within five years. No income ceiling limits applicable .

This is a long-term loan scheme, meant for construction of a new house. The maximum loan amount is ₹20 lakhs. For loans up to ₹5 lakhs, the interest rate is 7%, and for amounts above ₹5 lakhs, it is 8%. The maximum repayment period is 20 years, and minimum period is one year. The family income ceiling is ₹20 lakhs per annum. For purchase of land for the construction of residential building, maximum loan amount is 5 lakhs with repayment period upto 5 years.

This is a housing loan specifically designed for government employees towards construction of residential building. The maximum loan amount is ₹20 lakhs, with a uniform interest rate of 8.5% and a repayment period upto 20 years and minimum one year. The family income ceiling remains ₹20 lakhs per annum.

This loan facilitates the repair, renovation, or modernization of an existing house, including structural modifications and installation of modern amenities, construction of compound wall, open well etc in the residential property will come under the scheme. The maximum loan amount is ₹5 lakhs, the interest rate is 7%, and the repayment period upto six years and minimum period of one year. The annual family income should not exceed ₹5 lakhs.

This scheme is intended for government employees needing funds for house renovation or upgrades. The maximum loan limit is ₹5 lakhs, offered at an interest rate of 8%, with a maximum repayment term upto six years and minimum period of one year. No income ceiling limit applicable.

A secured loan designed to assist in purchasing a new or used car. The maximum loan amount is ₹7 lakhs, with an interest rate of 9% and a maximum repayment term upto five years. The family income of the applicant should not exceed ₹20 lakhs per annum.

This scheme enables government employees to purchase two-wheelers at preferential interest rates and convenient repayment terms. The maximum loan amount is ₹1 lakh, with an interest rate of 9% and a repayment period of three years.

This loan provides financial assistance to students pursuing higher education in professional disciplines such as engineering, medicine, agriculture, pharmacy, management, and nursing. It covers tuition fees, books, hostel charges, and other related academic expenses. For studies within Kerala, the maximum loan amount is ₹2 lakhs, while for studies outside Kerala, it is ₹4 lakhs. The interest rate is 6%, and the repayment of the loan should be completed within a maximum period of 5 years (ie. 60 monthly installments) after the completion of the course of study or securing employment by the applicant whichever is earlier. Interest will be levied from the date of disbursement of the loan amount. The annual family income should not exceed ₹3.5 lakhs.

This loan is tailored to support students pursuing undergraduate, postgraduate, or doctoral studies abroad. The maximum loan amount is ₹10 lakhs. For loans up to ₹5 lakhs, the interest rate is 6%, and for amounts exceeding ₹5 lakhs up to ₹10 lakhs, the rate is 8.5%. Repayment wills start after 6 months from the date of completion of the course or on securing a job by the candidate whichever is earlier. The annual family income should not exceed ₹5 lakhs.

This personal loan is extended to parents to meet expenses associated with the marriage of a girl child. The maximum loan amount is ₹3.5 lakhs, with an interest rate of 7%. The applicant's annual family income must not exceed ₹7 lakhs. Loan tenure is five years (maximum).