{"id":8751,"date":"2024-06-14T03:47:05","date_gmt":"2024-06-14T03:47:05","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=8751"},"modified":"2024-06-14T03:47:05","modified_gmt":"2024-06-14T03:47:05","slug":"kerala-state-industrial-development-corporation-loan-for-young-entrepreneurs","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/kerala-state-industrial-development-corporation-loan-for-young-entrepreneurs\/","title":{"rendered":"Kerala State Industrial Development Corporation loan for young entrepreneurs"},"content":{"rendered":"<p>To encourageentrepreneurshipamongyouth, theKerala State Industrial Development Corporation(KSIDC) would focus on offering financial and technical assistance to the young entrepreneurs, through itsseed fund assistance program.<\/p>\n<p>KSIDC had launched seed fund assistance in 2015, targeting innovative startup ventures that would also provide them incubation facilities, mentoring and networking support.<\/p>\n<p>For successful units that have completed the seed stage, the corporation also provides scale-up support for expanding their business and attaining <a href=\"https:\/\/exam.pscnotes.com\/growth\">Growth<\/a> momentum. In 2021-22, the corporation has decided to offer seed-fund assistance to 30 startup ventures, up to a maximum of Rs 25 lakh per project.<\/p>\n<p>The seed fund scheme primarily aims at supporting commercially-viable scientifically and technologically innovative projects promoted by young entrepreneurs. Under the scheme, financial assistance up to Rs 25 lakhs or 90% <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> of the project cost, whichever is lower, is provided as a soft loan for one year at an interest rate (fixed) equal to the  prescribed by RBI from time to time. Presently, the interest <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> rate is 4.25%. After the one-year tenure, the soft loan can either be converted into <a href=\"https:\/\/exam.pscnotes.com\/equity\">Equity<\/a> capital at face value or repaid with applicable interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To encourageentrepreneurshipamongyouth, theKerala State Industrial Development Corporation(KSIDC) would focus on offering financial and technical assistance to the young entrepreneurs, through itsseed fund assistance program. KSIDC had launched seed fund assistance in 2015, targeting innovative startup ventures that would also provide them incubation facilities, Join Our Telegram Channel Subscribe on YouTube mentoring and networking support. For &#8230; <a title=\"Kerala State Industrial Development Corporation loan for young entrepreneurs\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/kerala-state-industrial-development-corporation-loan-for-young-entrepreneurs\/\">Read more <span class=\"screen-reader-text\">Kerala State Industrial Development Corporation loan for young entrepreneurs<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1099],"tags":[787],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kerala State Industrial Development Corporation loan for young entrepreneurs - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/kerala-state-industrial-development-corporation-loan-for-young-entrepreneurs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kerala State Industrial Development Corporation loan for young entrepreneurs\" \/>\n<meta property=\"og:description\" content=\"To encourageentrepreneurshipamongyouth, theKerala State Industrial Development Corporation(KSIDC) would focus on offering financial and technical assistance to the young entrepreneurs, through itsseed fund assistance program. KSIDC had launched seed fund assistance in 2015, targeting innovative startup ventures that would also provide them incubation facilities, mentoring and networking support. For successful units that have completed the seed ... 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KSIDC had launched seed fund assistance in 2015, targeting innovative startup ventures that would also provide them incubation facilities, mentoring and networking support. For successful units that have completed the seed ... 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