Resurgent Loan Scheme Kerala – Interest Free Loans For Flood Victims

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Resurgent Loan Scheme Kerala – The Kerala Government is going to launch the Resurgent Kerala Loan Scheme for providing an interest-free loan to the families who are the victims of the flood. The Kerala Government is implementing the Resurgent loan scheme is under the Kudumbashree Mission. The state government will launch this scheme on 28 September 2018. The Cooperative and Tourism Minister Kadakampally Surendran will inaugurate the project in Kunnamkulam.

Resurgent Loan Scheme Kerala

Under the Resurgent Kerala Loan Scheme, the Kerala Government will provide financial assistance of Rs.1 lakh and this assistance will be totally interest-free. However, the loan has been restricted to Kudumbashree members in the initial stage. This loan facility will also be made available for others in the next phase.

As we all know, recently there is a huge flood in the state Kerala. The families of the state in the number of Lakhs lost everything and they do not have to live, to eat and to shelter anything. Therefore, the state government has decided to provide them financial assistance to build houses which are destroyed in the flood.

Details of Resurgent Loan Scheme Kerala

The Kerala State government is going to launch the interest free loan scheme named Resurgent Loan Scheme Kerala for the re-innovation of the houses which are destroyed in flood and other details are given below.

According to the project, the interest-free loans will be provided by cooperative society banks or nationalized banks and it will be sanctioned for neighborhood groups. The neighborhood groups can divide the amount by themselves. These interest-free loans can be utilized for furnishing their houses which were damaged in the flood or to buy any electronic equipment or furniture.

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