Startup Kerala: A Comprehensive Scheme by KFC for Financing Startups
| Type of Loan | Special Loan |
| Scheme Name | Startup Kerala: A Comprehensive Scheme by KFC for Financing Startups |
| Purpose | To assist startups at all stages of their growth, from proof of concept, prototype development, and product trials to market entry, commercialization, and scaling up. |
| Rate of Interest | To 6.6%*1 |
| Eligibility Criteria | • Startups registered with the Kerala Startup Mission and DPIIT (Govt. of India), having their corporate office and operations in Kerala. • The proposal should be viable, with a product or service that has a clear market fit. • The business model must be scalable with a high potential for employment generation or wealth creation. • Shareholding by Indian promoters must be at least 51% at the time of the loan sanction. |
| Upper Loan Limit | Maximum assistance for each stage: • Productisation: Rs 25 lakh • Commercialization: Rs 50 lakh • Scaling up: Rs 2 Crore |
| Internal Credit Rating | Minimum requirement is Not Applicable. |
| Promoter’s Contribution | Minimum 10% of the project cost. |
| Moratorium Period | Up to 1 year. |
| Repayment Period | Maximum 5 years (including the moratorium period). |