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Startup Kerala - Comprehensive Scheme by KFC for Financing Startups

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  • Startup Kerala - Comprehensive Scheme by KFC for Financing Startups
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Type of Loan

Special Loan

Scheme name

Startup Kerala - Comprehensive Scheme by KFC for Financing Startups

Purpose of the loan

To assist Start-ups in all stages of their growth starting from proof of concept, prototype development, product trials, market entry, commercialization, scaling up, etc.

Eligibility Criteria

  • Startups registered with Kerala Startup Mission/ The Department of Industrial Policy & Promotion (DIPP) GOI and having the Corporate office and operations in Kerala
  • The proposal should be viable and the product/ service should be market fitting
  • The business model should be scalable with a high potential of employment generation or wealth creation
  • Shareholding by Indian promoters in the Startup should be at least 51% at the time of sanction of loan.

Upper loan limit

The maximum assistance for each stage will be as follows:
  • Productisation : Rs.25 lakh
  • Commercialization: Rs.50 lakh
  • Scaling up: Rs.100 lakh

Internal credit rating

Minimum Internal Credit Rating requirement will not be applicable

Promoter’s contribution

  • Promoters Contribution (PC - Minimum) –
  • Term Loan:10%
  • Working Capital:10%

Moratorium period

Moratorium up to 12 months.

Repayment period

Maximum repayment period shall be 60 months including moratorium period