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The Hindu

National

Special Correspondent

YOU WONT BELIEVE: State level loan scheme for entrepreneurs launched - What They Never Told You

P Rajeeve Industries

The government aims to make Kerala an entrepreneur-friendly State, Minister for Industries P. Rajeeve said on Friday while launching a State-level loan scheme for entrepreneurs formulated by the State Level Bankers' Committee (SLBC) in association with the State government.

The Industries department offers interest subvention on loans up to ₹ 10 lakh so that entrepreneurs can avail them at 4% interest. The State government is celebrating 2022-23 as Entrepreneurship Year and the loan scheme is part of the initiative.

The State attracted investments worth ₹21,949.59 crore, creating 92,955 employment opportunities in 2020-21, Mr. Rajeeve said. S. Harikishore, director, Industries, said that special loan melas will be held in all panchayats from August 1 to 15.

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