Seed Loan
Offered by Kerala Startup Mission
Overview
This is the Government of Kerala's Seed Support Scheme, administered by Kerala Startup Mission (KSUM), which provides financial assistance to early-stage startups through soft loans to support product development, customer development, marketing, and scaling up. Maximum funding is up to Rs. 15 lakh, carrying 6% simple interest per annum, with a 12-month moratorium followed by 36 monthly installments. Funds are released in tranches, typically half initially with the remainder disbursed after a progress review.
Eligibility
- Must be registered in Kerala as an LLP or Private Limited company with an active KSUM Unique ID
- Must hold DIPP/DPIIT registration with active MCA status
- Must be working on an innovative product or technology, not a service-based or trade business
- Must have no pending dues with government agencies or KSUM
Funding Purpose
Funds support product development, testing, trials, test marketing, mentoring, consultancy, IPR matters, and operational manpower. They cannot be used for founder salaries, costly assets, or patenting.
Application Process
Applications are submitted online via the KSUM website. Applicants go through an initial evaluation call and pitching stage, followed by a final pitch before the Expert Committee. Contact: Shahil Haneef, shahil@startupmission.in, 08047180470.
How to Apply
- 1Click "Apply Now" above and submit your application directly on the official page.
- 2The offering organisation screens applications against its own eligibility criteria.
- 3Shortlisted applicants may be invited to a pitch or interview round.
- 4The final decision rests solely with the offering organisation.
- 5There is no guarantee of funding at any stage.
Before You Apply
- ZeedFund is an independent tracker, not the offering organisation or a funding body.
- Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
- Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.