The scheme âSoft Loan Scheme for Women Entrepreneursâ was started under Kerala Startup Mission to support women startups with a soft loan of an amount limited to âč15 Lakhs as working capital for implementing works and projects received from the Govt. departmen...
Soft Loan against Purchase order will be given to Women Entrepreneurs at the rate of 6% per annum on simple interest.
The amount of the loan is limited to 80% of the Purchase order and disbursement is as an advance against the milestone payment agreed by the client.
The repayment period of the loan is 1 year or completion of the project with full settlement whichever is earlier.
The maximum amount of loan outstanding will be âč15 lakhs.
**Note:** The Startup shall ensure the proper delivery of the product service specified in the purchase order and the disbursement from the second installment will be based on the satisfactory completion of a milestone as certified by the client.
Eligibility (who can apply)
The Startup should be approved by DPIIT and have the Unique ID issued by the Kerala Startup Mission.
The women co-founder should have a majority stake in the startup.
The Startup should be registered in Kerala.
The client shall be a Government Department or Public Sector Undertaking
**Note 01:** The Startup will sign an agreement with the Kerala Startup Mission before availing the benefit.
**Note 02:** A personal guarantee needs to be executed by the Women's founder for availing the loan.
How to Apply
**Online**
**Step 01:** The [application form](https://forms.zohopublic.com/keralastartupmission/form/ClientDetails5/formperma/pHEDe4UlSNQ5cXpPFZ5licNJjnqgSQEg42JA9s-OW-Q) can be submitted online through the Official website of the Kerala Startup Mission, Government of Kerala.
The applicant needs to visit the [official website](https://startupmission.kerala.gov.in/ml/schemes/women/soft-loan).
**Step 02:** On the home page, click on âWomenâ and then click on âSoft Loanâ Scheme.
**Step 03:** Now, click on the âApplyâ button and fill out the application form completely.
**Step 04:** After filling out the application form and click on the âSubmitâ button.
Frequently Asked Questions
Who is eligible for Soft Loan Scheme for Women Entrepreneurs / what is the eligibility?
1. The Startup should be approved by DPIIT and have the Unique ID issued by the Kerala Startup Mission.
2. The women co-founder should have a majority stake in the startup.
3. The Startup should be registered in Kerala.
4. The client shall be a Government Department or Public Sector Undert...
What are the benefits of Soft Loan Scheme for Women Entrepreneurs?
1. Soft Loan against Purchase order will be given to Women Entrepreneurs at the rate of 6% per annum on simple interest.
1. The amount of the loan is limited to 80% of the Purchase order and disbursement is as an advance against the milestone payment agreed by the client.
1. The repa...
How to apply online for Soft Loan Scheme for Women Entrepreneurs?
**Online**
**Step 01:** The [application form](https://forms.zohopublic.com/keralastartupmission/form/ClientDetails5/formperma/pHEDe4UlSNQ5cXpPFZ5licNJjnqgSQEg42JA9s-OW-Q) can be submitted online through the Official website of the Kerala Startup Mission, Government of Kerala. The applican...