NORKA to organise Entrepreneurship Credit Camp

Our Correspondent

The Entrepreneurship Loan Scheme, a joint venture between NORKA’s Expatriate Rehabilitation Project NDPREM and Kerala Financial Corporation, will be held on October 8 at the Center for Management Development, opposite the NORKA office, Thycaud, Thiruvananthapuram.

Under the scheme, loans of up to Rs.30 lakh will be sanctioned for returning expatriates to start ventures. Of this, 15 per cent capital subsidy (up to a maximum of Rs. 3 lakhs) and those who repay the loan on time will get 3 per cent interest relief for the first four years. In addition, KFC’s 3 per cent interest subsidy will be available to eligible camp participants under the Chief Mini Stars Entrepreneurship Development Programme.

Those who need a loan can apply at www.norkaroots.org until October 2.

Details of the scheme are available on the NORKA website and toll free numbers 18004253939 (from India) 00918802012345 (Missed Call Service from abroad) and 18004258590 (KFC).