Kerala Entrepreneur Loan Scheme KELS
Interest relief that brings the effective rate to 4% on bank loans up to ₹10 lakh for MSMEs set up after 1 April 2022.
Last updated on
- Cost to apply
- No fee mentioned on the official page
- Status
- Open
- Run by
- Directorate of Industries and Commerce, Kerala, with the State Level Bankers' Committee
What you get
- Effective interest rate of 4% after the state's interest subvention
- On term loans and working capital loans up to ₹10 lakh
- For the first five years of the loan, or until it closes if sooner
Who can apply
- Open to businesses in manufacturing, services and trading.
- Udyam registration is needed. It is free.
- Unit set up after 1 April 2022, shown by its Udyam registration
- New units and expansions in manufacturing, services and trading, including any non-farm income activity
How to apply
- Apply online on the KELS portal
- The bank processes the loan. Banks have been told to process KELS applications quickly
In person, local interns of the Industries Department can help with the application
In Kerala, Bank branch, applied for through the KELS portal
Documents to keep ready
- Udyam registration
Figures you may see elsewhere
The official page gives the loan ceiling as ₹10 lakh. Some other sources quote ₹50 lakh
Worth knowing
English page dated 27 September 2025 and still listed in November 2026. Not on the Malayalam scheme menu.
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 Seen something out of date?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.