WE Funding (Women Entrepreneur Funding)
A programme by Kerala State Industrial Development Corporation Limited
A concessional loan for women-owned businesses in manufacturing or services that already run and want to expand with industrial machinery.
At a glance
| Best for | Women-owned businesses that already operate and want to scale up with machinery |
|---|---|
| Stage | Growth |
| Duration | Up to six years, including a moratorium of up to six months from sanction |
About WE Funding (Women Entrepreneur Funding)
WE Funding is KSIDC's loan for existing women entrepreneurs in manufacturing or service businesses. It is meant for scaling up through expansion, modernisation and related diversification, using industrial machinery or equipment.
What you get
- A loan for an expansion project, with a concessional interest rate set by the scheme.
- A concessional interest subsidy of 2% over and above standard industrial incentives for women entrepreneurs.
- Higher loan eligibility limits than the general category, and relaxed collateral and third-party guarantee provisions for eligible applicants.
- Mandatory mentorship linkage and free business development training.
Who can apply
- A proprietorship, partnership firm, LLP or private limited company owned and managed by women, holding 51% or more.
- An existing business with a minimum average annual turnover over the last three years, with a different turnover test for loans above the first tier.
How selection works: The turnover condition is the main test on the page.
How to apply: Download the WE Mission application form from the Application Forms page, or submit online through the K-SWIFT Portal. The page calls the form WE Mission and the scheme WE Funding, so confirm the name when you apply.
Where to apply
Other Kerala State Industrial Development Corporation Limited programmes
- Scale Up FundingA loan or equity assistance for Kerala startups that have finished product development and are scaling up, with up to 70 per cent of project cost.
- Share InvestmentKSIDC takes a minority equity stake in Kerala companies with strong growth potential, including startups with a lower project-cost floor.
Everything about Kerala State Industrial Development Corporation Limited