MSME Loans

To provide need based term loan and working capital assistance to units/individuals functioning in travel and tourism sector. Broadly the following activities/purposes shall be financed.

KB – TOURISM DEVELOPMENT LOAN

Government of India announced a project with outlay of Rs. 1000 crore loan for the rejuvenation and development of tourism sector and an amount of Rs. 20 crore is earmarked for interest subvention. In this connection, a loan scheme is prepared as detailed below to support the tourism sector in Kerala.
To provide need based term loan and working capital assistance to units/individuals functioning in travel and tourism sector. Broadly the following activities/purposes shall be financed. Construction/Furnishing of rooms/home stays etc. Purchase of Equipments/Furniture/Machineries etc. Renovation of existing units
Repayment period	1 year and repaid in monthly installments
Nature of Facility	Short term/Term Loan/Running account facility
Quantum of Finance	Maximum: Rs. 30 lakh
Repayment Period	Repayment period is based on the expected life period of assets created including initial repayment holiday of maximum 6 months Maximum period up to 84 months for infrastructure development activities like construction of buildings/furnishing etc.

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