Kudumbasree loan in Kerala 2021

Kudumbasree loan in kerala
Kudumbasree loan in kerala
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Many have returned to their homelands after losing their jobs in the wake of the corona. Not only here, there is a situation where even those who had jobs in their own place cannot go to work. That is why many people think of starting another small business from the comfort of their own home. But if they approach the banks to find the money they need for this, they charge high interest rates. In addition, you may have to pay a collateral to get a loan from a bank. For a typical family, such a home would not have to provide anything as collateral. But here is a scheme where you can get a loan of up to Rs 2 lakh through Kudumbasree without any collateral. You may know the specifics of this loan scheme and who can apply.

The State Government implements several loan schemes through Kudumbasree. These methods have increased the loan amount through Kudumbasree from `10 lakh to` 20 lakh without any collateral. Many of them are part of the financial schemes implemented through Kudumbasree. The Central Government had provided loans at 4% interest rate in 4 didtricts and 7% for 250 districts of the country, including four districts in Kerala. Part of this was subsidized by the government. In other districts, the interest rate was 7%. The proceeds will be used for re-enterprises.


Kudumbasrees who have repaid their loans in the past will get the loan in a new way. Banks can get credit guarantee from the Central Government. The loan should be applied for through the nearest Kudumbasree. Funds can be used for housing, subsistence loans, closing loans taken from other banks at high interest rates, and for wedding needs. In a Kudumbasree, a person can get the amount between Rs. 25,000 and Rs. 2 lakhs in this way. At present, if there are ten people in a Kudumbasree, the loan was given at the rate of Rs 1 lakh per person. But under the new system, an individual can get a loan of up to Rs 2 lakh. In this way 10 persons in a Kudumbasree will get `20 lakh.

This loan scheme implemented through Kudumbasree is definitely useful for women entrepreneurs who want to start their own small businesses.

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