.
Registered companies (private or public)
and co-operative societies can be given loans
upto Rs.20 crores and others upto Rs. 8crores.
.
The Corporation can give financial assistance
to all types of industries for manufacturing/service activities
The unit (existing/new) should necessarily be in Kerala.
|
PRE
- REQUISITE TO START A PROJECT
Arrangement
for adequate power allocation to run the unit from KSEB.
.
Necessary clearances/approvals from statutory and local
authorities (like Municipality, Panchayat, Pollution Control
Board etc.)
| .Arrangement
for your working capital from any commercial bank (KFC too has a working capital
loan scheme).
| .Arrangement/Identification
of market and selling arrangement for the products.
|
| .Arrangement/Identification
of right personnel to main critical areas such as production, sales,
finance etc. |
Corporation
Evaluates Your project Application
Corporation
is as much concerned about a
satisfactory return on investment as you are. Therefore, a
thorough examination/evaluation of all the aspects of the
project is done by the Technical, Financial and legal officers of
the Corporation before the loan is sanctioned by the concerned sanctioning
authority. The promoter has to convince the Corporation about the
project feasibility and repaying capacity.
Our Procedures for Sanction and Disbursement
.
Our
Branch Offices can process application for loans upto Rs.100 lakhs.
.
Applications
for higher loans under all special schemes like WCTL, short term loan,reveling
fund loan, civil controdian WCTL etc are sanctioned at the Head Office.
.
All
possible care is taken to ensure processing of your loan as expeditiously
as possible.
.
A
preliminary screening is done in bigger cases (Head Office cases)
and the applicants are informed within 15 days whether
we can further process the application or not.
.
The
maximum time taken to process loan application is around 45 days.
if all the relevant information papers are presented.
.Loan
disbursements are made from our branch offices, in instalments,
stage by stage,depending
upon the progress of the work. We try to disburse the sanctioned
amount, fully, as early as possible. Loan disbursements are
linked to the pace of project implementation and proportionate contribution
by the promoters.
Latest Delegation of Powers (For
Sanction of financial assistance)
| Authority |
Limits
(Rs. in lakhs) |
| CM/BM
with recommandation of Branch level Screening Committee |
Upto
100
lakhs |
| Zonal
Manager with Recommandation of the Zonal level Screening Committee |
Above
100 lakhs to 200 lakhs |
| General
Manager (Operations) with Recommandation of HO Screening Committee |
Above
200 lakhs to 300 lakhs |
| Managing
Director with Recommandation
of HO Screening Committee |
Above
300 lakhs to 500 lakhs |
| Executive
Committee |
Above
500 lakhs |
Interest
Rate and Other Charges
| 
