New loan scheme for start-ups by OBC members: Minister

  • By Hindu
  • | Saturday | 13th January, 2018

In his inaugural address, Mr. Moideen said that a new loan scheme for entrepreneurs and start-ups from among OBCs was being launched. Those interested availing the loan should register themselves on the website www.ksbcdc.com before January 25, the press release said. SubsidyTwenty per cent of the loan amount, up to ?2 lakh would be provided as a subsidy. Institutions such as the Plywood Research Institute are part of the exhibition, which was inaugurated by Industries Minister A. C. Moideen. The areas of focus at the exhibition include food processing and packaging; electricals and electronics; wood-based industries, and Ayurveda.

A unit for extraction of the banana stem fibre, developed by the Kerala Agricultural University, and a plastic recycling unit from a Coimbatore-based company are among the attractions at the industrial machinery exhibition that got under way at the Jawaharlal Nehru Stadium, Kaloor, on Friday. The areas of focus at the exhibition include food processing and packaging; electricals and electronics; wood-based industries, and Ayurveda.

Institutions such as the Plywood Research Institute are part of the exhibition, which was inaugurated by Industries Minister A.

C.

Moideen. In his inaugural address, Mr.

Moideen said that a new loan scheme for entrepreneurs and start-ups from among OBCs was being launched.

Registration for the programme would start on January 16. Under the programme, a maximum loan of ?10 lakh would be granted.

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