Question: Can you explain the One Family One Enterprise Scheme program?

Answer: s:The scheme envisages encouraging

**Eligibility:** KeralaOne Family One Enterprise Scheme EnterpriseEntrepreneurFamilyInterest
SubventionLoanMSMEOFOEDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked QuestionsThe
Government of Kerala approved the scheme â€œOne Family One Enterpriseâ€​ to encourage entrepreneurial activity in every household
and empower women's entrepreneurship. This scheme aims to set up at least one MSME unit including trade activity in each family. The
MSMEs primarily rely on bank finance for their operations. Providing assistance in the early stage of the establishment of the enterprise
will enhance the competency of the MSME unit. The scheme intends to provide interest subvention on Term loans and/or Working
capital loans availed by MSME units from financial institutions viz. Nationalized Banks, Scheduled Banks, KSIDC, KFC, KSFE and
Kerala Bank. The units engaged in manufacturing, service, and trading are eligible for the assistance. 50% of the beneficiaries under the
scheme shall be women entrepreneurs.Objectives:The scheme envisages encouraging entrepreneurial activity in every household and
promoting upcoming entrepreneurs in setting up enterprises through providing interest subvention for loan amounts up to â‚¹10 lakh (for
fixed capital loan and/ or working capital loan) of the project cost.OkWas this helpful?ShareNews and UpdatesNo new news and updates
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