KB Mithra MSME Loan KB Mithra
A Kerala Bank term loan or working capital loan for micro, small and medium enterprises, to start a new business or renovate an existing one. The bank says it suits small traders, businesspeople and young self-employed entrepreneurs.
Last updated on
- Status
- Open
- Run by
- Kerala State Co-operative Bank (Kerala Bank)
What you get
- Up to ₹40 lakh for individuals and up to ₹1 crore for companies
- Term loan, working capital, or both, fund based and non-fund based
- Repayment over up to 84 months in monthly instalments, including a 6 month moratorium at the start
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Age 21 or over.
- The most on offer is ₹1 crore.
- Must be a micro, small or medium enterprise
- Minimum age 21
- The loan must be fully repaid before the borrower turns 70
How to apply
- Download the KB Mithra MSME Loan application form from the Kerala Bank forms page
- Take it to your nearest Kerala Bank branch and ask about security and documents
In person, nearest Kerala Bank branch
In Kerala, any Kerala Bank branch. The bank says it has 823 branches across all 14 districts.
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.