KSIDC - WE Funding
The KSIDC WE Funding Scheme is a growth-oriented financial assistance programme implemented by the Kerala State Industrial Development Corporation (KSIDC) under the Government of Kerala. The scheme is designed to provide loan support to existing women entrepreneurs engaged in manufacturing or service activities using industrial machinery or equipment. It supports expansion, modernisation, and diversification of women-owned enterprises with a proven business track record. The scheme is currently active and applicable across Kerala.
Key features
- Assistance for existing women entrepreneurs for scale-up: This scheme supports women entrepreneurs who are already running a business and want to scale up through expansion, modernisation, or diversification. It is meant for existing units, not brand-new ventures.
- Only for manufacturing/service units using machinery/equipment: The business must be in manufacturing or services and should be using industrial machinery or equipment. Trading-only activities are not covered under this funding.
- Minimum turnover condition for eligibility: The unit must have an average turnover of ₹10 lakh and above. This ensures the scheme supports enterprises with proven operations and business activity.
- Loan assistance linked to project cost: KSIDC provides loan assistance up to a fixed share of the approved project cost. The balance cost has to be arranged by the entrepreneur.
- Maximum lending limit per unit: The loan amount has an upper cap, even if the project cost is higher. Sanction is restricted to the scheme’s maximum lending limit.
- Fixed interest rate and defined tenure with moratorium: The scheme specifies a fixed interest rate and a maximum tenure of 5–6 years. It also allows a moratorium up to 6 months from the date of sanction.
Financial Assistance
Eligibility Criteria
Who can apply:
- Existing women entrepreneurs
- Manufacturing or service enterprises using industrial machinery/equipment
- Average annual turnover of ₹10 lakh or above
- Proprietorships, partnership firms, LLPs, or private limited companies
- Units owned and managed by women
Who cannot apply:
- New startups without operational history
- Trading-only businesses
- Units without industrial machinery or equipment
- Enterprises not meeting turnover requirement
Documents Required
- Proof of women ownership and management
- Business registration and constitution documents
- Turnover proof (audited financials)
- Project report for expansion / modernisation
- Machinery or equipment details
- Bank statements and KYC documents
Application process for the scheme
Option 1: Apply with Bullit (Recommended)
Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.
Recommended for: Firms handling multiple government contracts.
Option 2: Apply Directly through KSIDC
- Contact the KSIDC Startup / MSME Cell through official channels
- Submit project proposal and required documents
- KSIDC evaluates eligibility, turnover, and project viability
- Approval and sanction issued as per KSIDC norms
- Loan disbursed based on sanctioned terms
Power combo with the scheme
Related Schemes
Frequently asked questions
What is the objective of the KSIDC WE Funding Scheme?
The scheme supports existing women entrepreneurs in manufacturing and service sectors by providing financial assistance for expansion, modernisation, and related diversification using industrial machinery or equipment.
Who can apply under WE Funding?
Women-owned and women-managed enterprises operating in manufacturing or service sectors with an average annual turnover of ₹10 lakh or above are eligible, subject to KSIDC’s appraisal and approval norms.
How much loan assistance is available?
Eligible enterprises can receive loan assistance up to 80% of the project cost, with a maximum lending limit of ₹50 lakh, based on the approved project proposal.
What is the interest rate and loan tenure?
The loan carries an interest rate of 7.50%, with a repayment tenure of up to 5–6 years, including a moratorium of up to 6 months from the date of sanction.
Can the loan be used for business expansion and modernisation?
Yes. The loan can be used for expansion, modernisation, and related diversification activities involving industrial machinery or equipment, as approved by KSIDC.
Is this scheme applicable for new startups?
No. WE Funding is intended for existing enterprises with operating history and minimum turnover. New startups without financial track record are not eligible under this scheme.