The families of those who died due to covid-19 get loans upto Rs 5 lakh

 

          Today I would like to inform  you about  a financial assistance of Rs 5 lakh. This is a situation that is covid 19 is spreading. Therefore it is a situation where everyone is struggling financially. A lot of people lost their jobs. Many expatriates were unable to return. For such people it is very useful assistance.Many homes lost their livelihoods. We received a lot of benefits from the state and Central Governments.

     Today I’m sharing with you a loan  that  the state government has introduced  for such people . This Loan is called covid loan. This benefit is available to households where the person who was the main source of income in the family has died because of covid-19. A loan of Rs 500000 is available to start a business.

      This benefit is available to the families of scheduled caste who have died in the second phase of covid-19. This benefit is provided by Kerala scheduled caste and Scheduled Tribes Corporation.

     20 %or Rs 1,00,000, out of Rs 5 lakh of the loan amount, whichever is less will be subsidized by the government. Find self employment with this amount. The interest rate on this amount is 6%.

      The age of the victim should be  between 18 to 60 years old. Those with an  annual income of more than Rs 3,00,000 will not be eligible for this benefit. 

     Application for the loan scheme should contact the respective district offices. The last date to submit an application is June 26th.

Documents 

Certificate proving that  the main person died because  of covid 19.

Property/official  bail

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