February 09, 2021
Genrobotics Innovations among beneficiaries
Kerala Financial Corporation, a leading State Financial Corporation, has completed loan approvals to the tune of ₹10.75 crore for various start-ups without any collateral security. The list of beneficiary start-ups includes Genrobotics Innovations with which it has been associated from the primary stage.
Under the scheme, start-ups with firm purchase orders can avail funds of up to 80 per cent of the work order subject to a maximum of ₹10 crore at an interest rate of 10 per cent. There are also schemes for discounting purchase orders in which cases also the Corporation does not insist on any collateral security.