Question

Which of the following statements accurately describes the Soft Loan Scheme for Women Entrepreneurs by KSUM?

1. The scheme provides a soft loan up to Rs. 15 Lakhs for working capital.
2. The loan is disbursed as a full payment upfront upon receiving the purchase order.
3. The loan has a simple interest rate of 6% and a repayment period of 1 year or project completion, whichever is earlier.
4. The loan amount is limited to 80% of the purchase order value.

• A. iii only
• B. All
• C. i, iii, iv
• D. ii, iv

Answer 1

Answer:

C. i, iii, iv

• The Soft Loan Scheme for Women Entrepreneurs, implemented by Kerala Startup Mission (KSUM), aims to support women-led startups by providing financial assistance for working capital.

• The loan amount is capped at Rs. 15 Lakhs and is typically disbursed as an advance against agreed-upon milestone payments, covering up to 80% of the purchase order value.

• A key feature of this scheme is its affordable interest rate of 6% simple interest per annum, with a repayment period that is tied to the earlier of one year from disbursement or the full settlement of the project.