ENA State 2020-11-16 09:02:14 <p><strong>Thiruvananthapuram, Nov 16 (KNN)</strong> In a bid to promote entrepreneurship ventures, the Kerala Financial Corporation (KFC) will provide a loan of Rs 1 lakh to 2,000 potential entrepreneurs without demanding any security or collateral.</p> <p>Reportedly, Chief Minister's Entrepreneurship Development Programme (CMEDP) launched to help those who have lost jobs due to the COVID-19 outbreak, is implemented by the Kerala Financial Corporation (KFC).</p> <p> It is quite difficult for the beginners, especially small-scale entrepreneurs, to raise the capital. Hence, we have decided to take a liberal approach in the sanctions for MSMEs, media reports quoted KFC CMD Tomin J Thachankary as saying.</p> <p>He further said that 50 per cent of the loan amount will be sanctioned in advance, within a week of loan approval adding, ''applications by women and physically-challenged persons will be sanctioned on a fast-track mode.''</p> <p>The interest rate is 7 per cent with 3 per cent interest subvention and repayment period is three years.</p> <p>According to Thachankary, the corporation will also help the applicant to obtain MSME registration and PAN card.</p> <iframe id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%" height="500" frameborder="0"></iframe> 25968 https://knnindia.co.in/news/newsdetails/state/kerala-govt-to-provide-loan-to-2000-entrepreneurs-without-surety 2020-11-16 09:02:14 knnindia.co.in