Kerala Financial Corporation introduced this scheme mainly to provide timely and adequate working capital at competitive rates for small and medium scale units.

ELIGIBILITY:

Non   KFC  assisted  units  should have been in existence for 3 years and made net profits in the preceding two years. 
T he unit should have been in existence for 4 years with  rising   turnover  and  net  profits  in  each  of  the  past  2 years and a record  of prompt repayment to Banks and Financial institutions

AMOUNT OF ASSISTANCE:

The maximum limit of working capital term loan will be Rs.25 lakhs


SECURITY:
   . First charge by way of hypothecation of current assets such as raw materials, finished
     goods and spares. 
   . A charge on fixed assets namely  land, building, plant and machinery etc. 
   . Collateral security of 100% of the WCTL. 
   . All the directors/partners should give personal guarantees for the loan.

REPAYMENT PERIOD:

The  duration  of  the  assistance  will  be  a maximum of 6 years including a gestation period upto six months.