NRI BUSSINESS LOAN| HOW TO APPLY

The Government if Kerala has been introduced a scheme called NORKA (Non-Resident Keralites Affairs) to provide insurance and schemes for emigrants. The main aim of NORKA is to make a relationship between Non-Residents Keralites and Government. The NORKA has introduces a loan scheme for emigrants who have 2 years of work experience in abroad. The age range between 18 – 65 years of age with 2-year work experience are eligible for this loan scheme. You can apply for this loan scheme through the link; http://registernorka.net/ndprem/

If you didn’t register on NORKA, you can create an account id through the link;

http://registernorka.net/ndprem/

The registration fee is only 300 rupees for 3 years. You can make payment through online with debit or credit card. After 3 years you need to renew your account by paying 300 rupees at NORKA office.

Document needed to start account;

Passport size photo of applicant in.JPG format.
Signature of applicant scanned in.JPG format.
Copy of applicant passport with at least 6-month valid visa in PDF format.
A declaration letter that details about you are working outside India from village officer, gazetted officers or from other representative officers.

After creating an account you can apply for the scheme through the link that provided above. The documents needed to apply for this loan are;

A passport size photo in JPG format
The project report of your business in pdf format
A copy of passport in pdf format

The Government provides loan amount up to 20 Lacks with 20% of subsidy. The subsidy amount will provide only the loan holder doesn’t have any loan dues. You should pay 3% the interest in the repayment period. The Government provides loan to the following fields such as Agriculture (Poultry Farming, dairy farming, sheep farming, farm tourism, fish farming, dairy products floriculture, vegetable crops and more), Trade (public trades ie; buying and selling products), Services (repair shops, restaurants and more) and Production (Bakery products, sandalwoods, furniture, saloons, paper recycling and more).

You can contact NORKA for more information 0471-2770505

Callers from abroad can dial 0471-2333339