ENA MSME 2018-05-07 08:10:11 <p><strong>Thiruvananthapuram, May 7 (KNN)</strong> The Kerala Financial Corporation (KFC) is putting up its first-ever loan settlement adalat scheduled on May 8 for which it has received about 500 applications.</p> <p>The adalat is being put up to help the corporation to clean up its balance sheet as its NPA burden stands at Rs 700 crore from 2,000 accounts.</p> <p>The adalat, which will be chaired by a retired district judge, is expected to fetch anything between Rs100 and Rs 200 crore to the corporation.</p> <p>Finance Minister T M Thomas Isaac will inaugurate the adalat at the KFC head office on Tuesday at 10 am.</p> <p>In the sidelines, the corporation is also organising a business conclave at the Mascot Hotel here on May 8 and 9 where it will unveil its revamped credit policy.</p> <p>Isaac will be the chief guest at the panel discussion on startup environment and funding in Kerala on May 8. Industries Minister A C Moideen will address the panel discussion on improving the industrial climate in Kerala on Wednesday at 10 am.</p> <p>Chief Minister Pinarayi Vijayan will inaugurate the valedictory function on Wednesday at noon.</p> <p>Last fiscal, KFC had sanctioned Rs 724 crore as loans to MSMEs which was 88 per cent above the previous FY figure.</p> <p>Rs945 crore was recovered in the 2017-18 fiscal as against the previous fiscals Rs 875 crore.</p> 19768 http://knnindia.co.in/news/newsdetails/msme/kerala-fin-corp-to-put-up-loan-settlement-adalat-on-may-8-to-unveil-revamped-credit-policy 2018-05-07 08:10:11 knnindia.co.in