KB Pravasi Kiran MSME Loan KB Pravasi Kiran
A Kerala Bank loan for non-resident Keralites who lost their jobs abroad during Covid-19 and are identified by NORKA Roots, to start a new enterprise in business or farm-allied work.
Last updated on
- Status
- Open
- Run by
- Kerala State Co-operative Bank (Kerala Bank)
What you get
- Up to ₹24 lakh for a wholesale business and ₹16 lakh for a retail business
- Term loan, working capital, or a mix of both
- Term loan repaid over up to 84 months
- Working capital limit renewed every year
- The page refers to an interest subsidy but does not give its terms
Who can apply
- New businesses, or people about to start one.
- Micro, small and medium enterprises.
- Only for returnees from abroad.
- Age 21 or over.
- The most on offer is ₹24 lakh.
- Non-resident Keralite who lost a job abroad during Covid-19
- Must be identified by NORKA Roots
- Minimum age 21
- The loan must be fully repaid before the borrower turns 70
How to apply
- Get identified as an eligible returnee through NORKA Roots
- Download the KB Pravasi Kiran Loan application form from the Kerala Bank forms page
- Take it to your nearest Kerala Bank branch
In person, nearest Kerala Bank branch, after identification by NORKA Roots
In Kerala, any Kerala Bank branch, for returnees identified by NORKA Roots. The bank says it has 823 branches across all 14 districts.
Worth knowing
Written for people who lost jobs abroad during Covid-19. Ask the branch whether it still takes new applicants.
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 Seen something out of date?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.