Question

Regarding the Soft Loan Against PO for Women Entrepreneurs, what are the key features?

1. This scheme is specifically for purchase orders received from private sector companies.
2. The loan carries a simple interest rate of 6% per annum.
3. The loan amount can cover up to 100% of the purchase order value.
4. Repayment is due within 1 year of project completion or full settlement.

• A. All
• B. None of these
• C. i, iii
• D. ii, iv

Answer 1

Answer:

D. ii, iv

• The Soft Loan Against Purchase Order (PO) scheme for women entrepreneurs in Kerala is designed to offer financial aid for executing purchase orders obtained from Government Departments or Public Sector Undertakings.

• This scheme operates on similar terms to the seed loan provided by the Startup Mission, featuring a simple interest rate of 6% per annum.

• The loan is limited to 80% of the purchase order value and is disbursed as an advance against milestone payments.

• The repayment timeline is structured to be either within one year or upon the project's completion and full settlement, whichever occurs first.