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What is the interest rate for the Seed Fund of Rs. 15 Lakhs provided by the Government of Kerala?

A6% per annum

B8% per annum

CInterest-free

DVariable based on CIBIL score

Answer:

A. 6% per annum

Read Explanation:

Benefits of Scheme

  • Seed Fund of Rs.15 Lakhs at a subsidised interest rate of 6% per annum.

  • Moratorium 12 months

  • Repayment in 24 EMIs for loans up to Rs.5 Lakhs and 36 EMIs for loans above Rs.5 Lakhs

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