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Welcome To IANS Live - LatestNews - Kerala: KFC loan assets cross Rs 5,000 crore

Welcome To IANS Live - LatestNews - Kerala: KFC loan assets cross Rs 5,000 crore
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

Kerala Financial Corporation to launch debit cards - The Hindu BusinessLine

Kerala Financial Corporation to launch debit cards February 15, 2021 Tomin J. Thachankary, CMD   -  The Hindu× Kerala Financial Corporation, a leading State Financial Corporation, is the first among government financial institutions in Kerala to introduce its own debit card. “We will soon issue five-year Rupay Platinum cards co-branded with public sector banks,” according to Tomin Thachankary, Chairman and Managing Director. The cards will be issued in line with Reserve Bank of India guidelines, he said. Kerala Financial Corporation (KFC) cards can be used at ATMs, POS machines, and online transactions just like any other regular debit card. Besides, they can be linked to the KFC mobile app for making high-value transactions.

Kerala Financial Corp lends ₹10 75 cr to start-ups - The Hindu BusinessLine

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.

Kerala Financial Corp extends special loans for construction sector

Kerala plans to back start-ups

Government to consider forming a venture capital fund for the initiative The State government will consider the formation of a venture capital fund to provide aid to startups as a joint initiative of the Kerala Bank, Kerala Finance Corporation, and Kerala State Industrial Development Corporation, Chief Minister Pinarayi Vijayan has said. He was speaking at an interaction organised by the Kerala Startup Mission with the founders of various start-up companies based in Kerala here on Monday to collect their opinions and suggestions on the steps that the government needed to take in the sector. He said that the government would take steps to promote the products and services from startups. The delay in providing funds from the various departments to startups for services rendered would be addressed. Marketing facilities for start-up products would be ensured. A national-level launchpad to get more aid for startups would become a reality this year.

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