by KESRU, Kerala Self Employment Scheme for the Registered Unemployed Scheme of the Government of Kerala was sanctioned vide G.O.(P)No.40/99/Labour dated 30.03.1999. In this scheme, loan will be given for starting self-employment ventures to individuals. Those between the ages of 21 and 50 are eligible to apply. Applicants will get an amount of up to Rs 1 lakh with a subsidy of 20%. 20% is re-imbursed as Government subsidy through Employment Department
There is an opportunity to apply for this scheme every year. The applicant must be registered with the Employment Exchange. The government is passing on this amount to applicant through banks as a self-employment loan. The loan amount will be decided accordingly after examining and evaluating the project. The spouse or parents of the beneficiary will be the guarantor.
Eligibility criteria : Those unemployed persons in the live Register of Employment Exchanges between the age limit 21 – 50 with annual family income not exceeding Rs.1,00,000/- are eligible to apply for this loan. The professional or technical qualification, ITI / ITC holders, woman having graduation and beneficiaries of unemployment dole scheme will get the preference. Students are not eligible for applying under KESRU.
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