SCHEME

Soft Loan Scheme for Women entrepreneurs

Kerala Startup Mission (KSUM) supports women startups with a soft loan scheme for an amount limited to Rs.15 Lakhs as working capital for implementing works and projects received from the Govt. departments and the Public Sector Undertakings in Kerala.

Benefit : Upto 15 Lakhs

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Scheme

Overview

Kerala Startup Mission (KSUM) supports women startups with a soft loan scheme for an amount limited to Rs.15 Lakhs as working capital for implementing works and projects received from the Govt. departments and the Public Sector Undertakings in Kerala. The amount of loan is limited to 80% of the Purchase order and disbursement is as an advance against the milestone payment agreed by the client. The soft loan will have 6% simple interest and must be repaid in 1 year or on completion of the project with full settlement, whichever is earlier. The repayment period of the loan is 1 year or completion of the project with full settlement, whichever is earlier. The Startup shall ensure the proper delivery of the product service specified in the purchase order and the disbursement from the second instalment will be based on satisfactory completion of a milestone as certified by the client. The maximum amount of loan outstanding will be Rs. 15 lakhs.

ELIGIBILITY

Eligibility Criteria

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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.

PROCESS

Process of Scheme

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Application

Fund Disbursement

Success Stories & Impact

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FAQ

Have Questions ?

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What is the Scale-up Seed Support Scheme?

The Scale-up Seed Support Scheme is an initiative of the Government of Kerala, implemented through Kerala Startup Mission (KSUM), to support startups that are ready to scale. It provides financial assistance mainly through collateral-free debt or SAFE instruments such as CCD/CCPS to help startups expand products, markets, and operations, and bridge the gap between early-stage funding and VC funding.

Who is eligible to apply for the scheme?

Startups must be registered in Kerala as a Private Limited company, recognized by DPIIT, and have a KSUM Unique ID. They should be working on an innovative product or technology and be in the revenue stage, with at least Rs. 25 lakhs revenue in the last four quarters or Rs. 25 lakhs investment from an angel/VC, and at least Rs. 5 lakhs revenue in the previous quarter.

What is the maximum funding available under this scheme?

The upper limit of Scale-up Seed Support is Rs. 25 lakhs per startup. Startups that have already availed KSUM seed fund may also be eligible for an extended limit, subject to existing disbursements and evaluation by the Expert Committee.

How are startups selected for the scheme?

Applications are first shortlisted by KSUM based on eligibility, revenue stage, financials, scalability, and previous compliance. Shortlisted startups pitch before the Scale-up Seed Fund Expert Committee, which evaluates them on criteria such as market need, feasibility, scalability, impact, team strength, revenue traction, and fund utilization plan before recommending funding.

What are the repayment terms for the Scale-up Seed Fund?

The Scale-up Seed Fund is provided as a soft loan at 6% simple interest per annum. Startups can avail a 12-month moratorium, and the total amount (with interest) must be repaid in 36 monthly installments. Repayment is first adjusted against the principal, and prepayment is allowed without any penalty.

CONTACT

Get in touch with our
Scheme Manager

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Shahil, Haneef

08047180470

shahil@startupmission.in

Soft Loan Scheme for Women entrepreneurs

Eligibility Criteria

Process of Scheme

Success Stories & Impact

Have Questions ?

Get in touch with ourScheme Manager

Get in touch with our
Scheme Manager