In case you consider setting up a manufacturing business in Kerala, you are fortunate. The government of Kerala states an inordinate number of support systems and incentives for the most enterprising new entrepreneurs. Financial assistance, right through building of infrastructure, these government schemes for industries in Kerala aim to foster indigenous enterprise and self-reliance.
This article will take you on a thorough walk-through of the entire armory of government support for the setting up of an industry in Kerala, especially for the manufacturing sector. This guide will help a novice entrepreneur to a seasoned industrialist navigate the various opportunities and schemes.
For more information: Business Ideas and Investments Opportunities
Government Schemes for Industries in Kerala
The Government Schemes for Industries in Kerala aim at nurturing the present-day industrial ecosystem of the state. These schemes aim specifically at stimulating inventive culture, promoting local manufacturing, and giving financial assistance to enterprises.
Let us look at some of the key schemes:
Kerala Industrial and Commercial Policy
This is the fundamental framework for all Government schemes for industries in Kerala. The industrial and commercial policy gives benefits like:
- Land on subsidized rates
- Interest subsidy
- Capital investment subsidy
- Support for infrastructure development
This policy is beneficial to a large extent for anyone setting up a manufacturing concern in Kerala.
Startup Support in Kerala for Manufacturing
Kerala Startup Mission (KSUM) is one of the most proactive agencies providing startup support in Kerala. While the mission almost always assists tech startups, it also supports manufacturing ventures greatly.
Key offerings:
- Seed funding up to ₹50 lakhs
- Incubation centres across the state
- Product development grants
- Mentorship and business advisory
This form of startup support in Kerala ensures that business establishment goes on smoothly.
Read all related article: NPCS blogs
PMEGP – Prime Minister’s Employment Generation Programme
PMEGP is a nationwide measure being implemented by KVIC and supported by Kerala’s Department of Industries and Commerce. It is one of the premier Government schemes for industries in Kerala focusing on the micro-manufacturing units.
Advantages:
- A subsidy of up to 35%.
- Bank loans for manufacturing units up to ₹25 lakhs.
- Skill development and training workshops.
It is perfect for setting up any small-scale manufacturing unit.
Kerala Single Window Clearance Board (KSWCB)
KSWCB helps create a simplified approach for giving business approval. This is important startup support in Kerala that cuts bureaucratic delays.
Features:
- Clearances under one platform
- The time-specified approvals
- An officer is dedicated to help
This crucial support for manufacturing employs the application of various sorts of licenses.
KSIDC – Kerala State Industrial Development Corporation
KSIDC gives this and other Government schemes for industries in Kerala, which includes:
- Soft loans at low interest
- Capital investment subsidy
- Infrastructure assistance
- Market development assistance
All of the above are quite useful for the medium to big manufacturing business owners.
Project Reports: Best Business Opportunities in Kerala
MSME Support in Kerala
There are several MSME schemes available for micro, small, and medium enterprises in Kerala, which include:
- Cluster development programs
- Technology upgrades
- Export support
These are really important facets of startup support in Kerala, especially for those enterprises aspiring to grow.
Industrial Parks and Zones
Throughout the state are many residential parks providing plug-and-play infrastructure. These are a measure far ahead in the Government schemes for industries in Kerala and meant to lure manufacturing outfits.
The most famous parks are:
- KINFRA Industrial Parks
- Technopark-Industrial Zones
- Coir Industrial Parks
These parks reduce the burden of initial capital investment on aspiring manufacturing business owners.
Subsidy for Green Manufacturing
The Kerala government supports eco-friendly manufacturing units through:
- Solar Energy incentives
- Water Treatment Subsidy
- Pollution control certifications.
This initiative makes a lot of sense in sync with global sustainability objectives and strengthens the startup support in Kerala in the green space.
Related Books: Kochi (Cochin, Kerala, India)- Business, Industrial Directory …
Credit Guarantee Schemes
Kerala promotes credit guarantee schemes that are part of national MSME programs so as to assist with hassle-free loan approvals.
This helps in:
- Reducing collateral requirement
- Fast tract loan processing
- Financial assurance to startups
It is a big form of financial startup support in Kerala.
Youtube Video: Best Business to Start in Kerala, India.
Conclusion: Empowering Manufacturing Startups
Kerala is projecting itself as a manufacturing state with multiple Government schemes for industries in Kerala. From infrastructure to funding, from mentorship to sustainability, all mechanisms are in place for startup support in Kerala.
If you are deciding to set up a manufacturing concern here, time is ripe to cash in on these support systems. Register with KSIDC, make inquiries about PMEGP, and reap benefits through MSME-specific schemes. With some well-laid out plans and requisite Government backing, your business in Kerala can be set for scalable success.
