Government assistance to State Women’s Development Corporation raised to Rs 210 crore

The state government will provide bank guarantee of `150 crore to the Kerala State Women’s Development Corporation for availing of loans from Central agencies. 

Published: 14th October 2017 01:25 AM  |   Last Updated: 14th October 2017 09:33 AM   |  A+A-

By Express News Service

THIRUVANANTHAPURAM: The state government will provide bank guarantee of `150 crore to the Kerala State Women’s Development Corporation for availing of loans from Central agencies. 
The decision was taken at the Cabinet meeting on Wednesday. With the allocation, the government assistance for the KSWDC has gone up to `210 crore. The government had earlier allotted `60 crore to the KSWDC in the state budget. 

“The total of `210 crore the Corporation has received this fiscal will be a big boost to its activities,” KSWDC Managing Director Bindu V C said.  She added that it would enable KSWDC to disburse loans at low rates to more women. KSWDC currently provides women entrepreneurs in the micro and small- scale sector loans of up to `10 lakh at a interest of 6 per cent. The loans are disbursed through the KSWDC regional offices in Thiruvananthapuram, Kochi and Kozhikode. 

KSWDC takes loans from the Centre at three per cent interest and provides loans to women without any guarantee.  Women and self-help groups can become beneficiaries of KSWDC loans. The Corporation also disburses educational loans.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp