Thiruvananthapuram: The Registration for Entrepreneur Development Mission, a scheme aimed at providing self-employment to one lakh youths through 10,000 new ventures, has begun, the State Finance Minister, Mr K.M. Mani, has said.
According to an official release, the application form can be downloaded from the Web site of the Kerala Financial Corporation (www.kfc.org) and the filled-in application should be submitted to the nearest local body. Educated, unemployed persons aged between 21 and 40 years can apply.
The scheme aims to launch 2,000 ventures every year, taking the figure to 10,000 in five years and providing employment to 20,000 persons annually. Through decentralised development, the scheme aims to provide one lakh jobs in five years. According to the release, ten ventures will be launched in each local body in the next five years.
Kerala Financial Corporation (KFC) is the nodal agency for the scheme. KFC and banks will provide loans up to 90 per cent of the project budget.
Those who repay the loan on time will not be charged any interest. The repayment deadline is five years with one-year moratorium. The ventures are the guarantee for the creditor.
The State Government will provide training to selected candidates, who will be briefed by experts and successful entrepreneurs. Candidates' minimum qualification is higher secondary/vocational training.
Those eligible for training will be selected between January 4 and 18.
The scheme is proposed to be launched on January 25 and training camps will be conducted between January 30 and March 2, Mr Mani said.
The scheme was announced in the last budget and Rs 25 crore has been allotted, the release added
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