Kerala Self Employment Scheme KESRU – Apply for Loan

KESRU-Kerala Self Employment Scheme – The Kerala Government has launched the KESRU-Kerala Self Employment Scheme for the Registered Unemployed Youth of the state. The main motive of the state government behind launching this scheme is to promote Self-Employment. KESRU is implemented through employment exchanges for the pro Entrepreneurship amongst the unemployed jobseekers of the state.

KESRU-Kerala Self Employment Scheme

Under this self-employment scheme, the state government provides sanction of bank loan of up to Rs. 1,00,000 for unemployed persons to start a business for the Registered Unemployed persons. This loan facility is provided prior to the commencement of self-employment ventures of individuals. Out of the bank loan, a total amount of upto 20% is reimbursed as Government Subsidy via Employment Department. Thus, there is no need for the contribution from the beneficiary to get loan under this scheme. Apart from this under this scheme, the spouse or parents of the beneficiary would be the guarantor and the collateral is not required.

KESRU-Kerala Self Employment Scheme – Eligibility Criteria
  • Under this scheme, all unemployed individuals who are active on the Register of Employment Exchanges are eligible.
  • Age must between 21 and 50
  • Family’s annual income must not exceed Rs.1,00,000/-
  • The Educational Qualification should suit the project the individual has chosen.

Apart from this, the priority would be given to those with professional or technical qualification, woman having graduation and beneficiaries of unemployment would be awarded the scheme.

Kerala Education Loan Repayment Scheme

KESRU-Kerala Self Employment Scheme – How to Apply
  • All the interested applicants can fill the application form for KESRU and submit it to the Employment Exchange where he/she had registered with the project report and income certificate from the village officer.
  • After that, post a preliminary verification with the Employment Exchange.
  • Then, those applications which are found eligible would then be forwarded to the concerned District Employment Exchange for scrutiny.
  • After that, the scrutinized applications will be submitted by the District Employment Officer to the District Committee for sanctioning loans via Nationalised Banks, District Co-operative Banks, Scheduled Banks and KSFE.

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