08047180470
Scheme
Seed fund
Govt. of Kerala has introduced the Seed Support scheme to provide financial assistance to startups to foster the formation and development of innovative, technology-based business enterprises that will stimulate the economy of the State of Kerala through venture creations, increased employment and leveraging of private investment. This scheme is implemented through Kerala Startup Mission, which is the nodal agency of Govt. of Kerala for startup related activities and schemes.
22
Idea Days Conducted
7308
Application Received
1422
Application Shortlisted
407
Idea's Selected
19.68
Crore Funds Allocated
Process of Scheme

Application Process

Application for seed fund can be submitted online through KSUM website. The application has two parts: Business Profile & Seed Proposal. 

Submit the seed application form and upload the required documents. Incomplete forms will be rejected.

Eligibility Criteria
  • The startup should be a registered company in Kerala as an LLP or Pvt. Ltd company and should have an active KSUM Unique ID.
  • The startup company has DIPP registration and an ‘Active’/ ‘Active Compliant’ status with MCA. Applications with ‘Active Non-compliant’ have chances to be rejected and this (Form INC 22A) should be done before fund disbursements are made.
  • The startup must be working on an innovative product or technology. The seed fund is not generally given for service startups and SMEs working in trade and commerce.
  • The startups shall not have any other pending dues with any of the Government agencies, KSUM, Other incubators in the state and shall not be blacklisted by any Govt. agency in India
  • The startup director should have a good CIBIL Score, preferably more than 750.
Benefits of Scheme
  • Seed Fund of Rs.15 Lakhs at a subsidised interest rate of 6% per annum.
  • Moratorium 12 months
  • Repayment in 24 EMIs for loans up to Rs.5 Lakhs and 36 EMIs for loans above Rs.5 Lakhs
Outcome of Scheme
  • Early-stage seed funds to startups against P.O, for product development, customer development, marketing and scaling up
View Government Order
View List of Beneficiaries
View GUidelines