KB Smart MSME Loan KB Smart
A Kerala Bank loan started under the state's One Lakh Enterprises programme of 2022-23, covering 90% of the project cost for small business, service and manufacturing units with Udyam registration.
Last updated on
- Status
- Open
- Run by
- Kerala State Co-operative Bank (Kerala Bank)
What you get
- Loan covers 90% of the project cost
- Project cost up to ₹10 lakh for service and business units
- Project cost up to ₹25 lakh for manufacturing units
- Term loan or working capital
- Repayment over 5 years
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro and small enterprises.
- Project cost up to ₹25 lakh.
- Udyam registration is needed. It is free.
- Udyam registration is required
- Project cost limit is ₹10 lakh for service and business units and ₹25 lakh for manufacturing
How to apply
- Register your business on Udyam if you have not already
- Ask at your nearest Kerala Bank branch for the KB Smart application
In person, nearest Kerala Bank branch
In Kerala, any Kerala Bank branch. The bank says it has 823 branches across all 14 districts.
Documents to keep ready
- Udyam registration
Worth knowing
The page links the product to the 2022-23 One Lakh Enterprises programme. Ask the branch whether new KB Smart loans are still being given.
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 Seen something out of date?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.