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Kerala Financial Corp crosses ₹5,000-cr mark in loan assets - The Hindu BusinessLine


Kerala Financial Corp crosses ₹5,000-cr mark in loan assets
February 23, 2021
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Kerala Financial Corporation, a leading State Financial Corporation, has surpassed a historic milestone of ₹5,000 crore in loan assets with the December 31, 2020-number clocking in at ₹5,022 crore, a whopping 176 per cent increase over the previous year’s ₹2,838 crore.
“We have achieved the highest growth among all government-owned State Financial Corporations in the country,” said Tomin Thachankari, Chairman and Managing Director. This has surpassed expectations and has been facilitated by fresh loan sanctions of ₹3,385 crore so far in the current financial year.
Lending more despite pandemic
Total loan disbursals of ₹798 crore during the previous year have galloped to ₹2,935 crore during the period under reference. The performance is especially impressive since it was achieved at a time when banks and financial institutions have been reluctant to sanction ....

Tomin Thachankari , Kerala State Civil Supplies Corporation , Entrepreneurship Development Programme , Financial Corporation , Kerala Financial Corporation , State Financial Corporation , State Financial Corporations , South India , Kerala State Civil Supplies , Chief Minister , Entrepreneurship Development , Kerala Financial Corp , Loan Assets , கேரள நிலை சிவில் பொருட்கள் நிறுவனம் , தொழில் முனைவோர் வளர்ச்சி ப்ரோக்ராம் , நிதி நிறுவனம் , கேரள நிதி நிறுவனம் , நிலை நிதி நிறுவனம் , நிலை நிதி நிறுவனங்கள் , தெற்கு இந்தியா , கேரள நிலை சிவில் பொருட்கள் , தலைமை அமைச்சர் , தொழில் முனைவோர் வளர்ச்சி , கேரள நிதி கார்ப் , கடன் சொத்துக்கள் , வருங்கால மனைவி ,

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. ....

Tomin Thachankari , Financial Corporation , Startup Guarantee Fund , Kerala Financial Corporation , State Financial Corporation , Genrobotics Innovations , State Government , Kerala Financial Corp , Loan Approvals , Collateral Security , நிதி நிறுவனம் , தொடக்க உத்தரவாதம் நிதி , கேரள நிதி நிறுவனம் , நிலை நிதி நிறுவனம் , நிலை அரசு , கேரள நிதி கார்ப் , இணை பாதுகாப்பு ,