Chief Minister's Entrepreneurship Development Programme, Edition III CMEDP III
KFC loans of up to ₹5 crore at an interest rate starting from 6% for new and existing MSMEs, with the state paying 3% of the interest for the first five years.
Last updated on
- Cost to apply
- Not stated on the scheme page
- Status
- Open
- Run by
- Kerala Financial Corporation
What you get
- Term loan, working capital term loan or both, up to ₹5 crore
- Interest from 6%, made up of a 3% state subvention and a 2% KFC rebate
- Loan can cover up to 90% of project cost
- Moratorium of up to one year and repayment within 5 years including the moratorium
- Projects above ₹5 crore get the first ₹5 crore under CMEDP and the rest as a second loan at KFC's normal rate
Who can apply
- Micro, small and medium enterprises.
- Age up to 60.
- The most on offer is ₹5 crore.
- Udyam registration is needed. It is free.
- Chief promoter aged 60 or under on the date of the online application
- CIBIL credit score of 650 or more for promoters
- Satisfactory KYC for all promoters
- Promoter puts in at least 10%
- KFC internal credit rating of at least 40%
How to apply
- Apply online on the KFC enquiry portal and track the application there
- Submit the documents on KFC's checklist
In person, any KFC branch
In Kerala, KFC branch, applied for online
Head office
Figures you may see elsewhere
Earlier editions had lower caps. The revised budget speech says the cap rose from ₹2 crore to ₹5 crore, and some older material quotes ₹1 crore
The page URL still says edition-ii while the page title says Edition III
Worth knowing
Edition III launched by the Chief Minister on 6 August 2026 after the June 2026 revised budget raised the age limit from 50 to 60 and the loan cap from ₹2 crore to ₹5 crore.
Where we found this
- CMEDP Edition III, KFC (external site) Official
- KFC homepage, special loan products (external site) Official
- Revised Budget Speech 2026-27, paragraph 243 (external site) Official announcement
- Satheesan launches revamped CMEDP (external site) Other source
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 Seen something out of date?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.