KANNUR: If interest is expressed, officials will visit homes and complete the process. A loan of up to Rs.10 lakh will also be provided. There will be a subsidy in interest for five years. Initially, it is planned to start at least 300 enterprises in a district. Four crore rupees have been earmarked for one year. At least ten thousand enterprises are targeted in the state in a year. Men who are unemployed at home will also be considered. Yesterday, an agreement was reached in this regard in a high-level meeting led by the officials of the Industries Department. A final decision will be taken in the meeting chaired by the Chief Minister tomorrow.
No other collateral is required for the loan
An individual or a group can start a business. It is enough to inform the authorities of the District Industries Center that you are interested. They will come to your home and complete the process. The industry itself has to be given as collateral for the loan. A permanent system including a portal to know the status of these industries is also under consideration.
Priority
1. Manufacturing of Safe Toys
2. New Trent clothing
3. Special food items
4. Electronic products
5. Parts of mobile phone
'Besides making Kerala an industry-friendly state and raising it to world standards, more employment opportunities can also be created.'
- P. Rajeev, Industries Minister
`With the arrival of new entrepreneurs, diversification will be possible in this field.'
-A. S. Shiraz
Industries Center Jan. Manager, Kannur