Live
- Kerala Governor Arif Mohammed Khan visits Prashanti Nilayam
- All people should Co-operate for free and fair elections
- "Audiences in the South will appreciate a story that smashes the stereotype of weak and meek women," says Yatin Karyekar
- Family is the biggest motivator for 78% women entrepreneurs in tier II, III cities; finds Tide’s survey
- JioCinema unveils the trailer of its high intensity, war-room drama, Ranneeti: Balakot & Beyond
- Tripura closes all schools for 4 days due to heat wave conditions
- ASSOCHAM Telangana Cybersecurity Conference Unveils Urgent Need for Vigilance and Innovation
- Hindustan Coca-Cola Beverages completes its multi-state initiative of upskilling 25,000+ youth
- Qualcomm expands Snapdragon portfolio with new platform to power AI PCs
- Navigating PCOS Understanding the Role of Diet in Managing Symptoms
Coronavirus: Kerala announces new loan schemes for MSMEs, others
State-owned Kerala Financial Corporation (KFC) on Friday announced three new loan schemes to help MSME units tide over the economic crisis caused by Coronavirus pandemic.
Thiruvananthapuram: State-owned Kerala Financial Corporation (KFC) on Friday announced three new loan schemes to help MSME units tide over the economic crisis caused by Coronavirus pandemic.
KFC is a leading term-lending institution for business investors in the state.
Under one scheme, Rs 5 crore will be provided, against work orders, to units engaged in manufacturing products or providing services in fighting COVID-19.
The loan can be used for acquiring equipment, purchasing raw material or for meeting working funds of such units.
Another is a top-up loan to existing customers of KFC to tide over the current situation, without the need to provide additional security.
In one scheme, Rs 50 lakh loan can be availed of by units/entities involved in marketing MSME products or entities supporting MSME sector.
"KFC will mitigate the disruptions caused by the pandemic. The new loan schemes will ensure the continuity of businesses," said Sanjay Kaul, CMD of KFC.
KFC has also granted moratorium on loan repayments to existing customers as part of the relief package.
