Thiruvananthapuram : NORKA Roots and Travancore Pravasi Development Co-operative Society ( TPDCS ) jointly organized a loan disbursement event for expatriate entrepreneurs , where loans totalling Rs 1 crore were distributed to 11 entrepreneurs. The loans were granted for various projects, including trading/distribution, catering, agriculture, furniture shops, medical shops, stationery stores, textile shops, fish marketing, and dairy farming. During the inauguration, K V Abdul Khader, chairman of the Pravasi Welfare Board, highlighted that ‘enterprises are indicators of a region’s growth’ and praised Kerala as one of the most entrepreneur-friendly states in India.
He emphasized the excellent growth opportunities for businesses of all sizes in Kerala and stressed that dedication is key to success. Ajith Kollassery, CEO, presided over the event and reaffirmed NORKA Roots’ dedication to reintegrating returning expatriates into mainstream society. The event, held at the NORKA Centre in Thiruvananthapuram, was attended by various dignitaries, including NRI commission member Gafoor P Lillis, and TPDCS president and Pravasi Welfare Board director Sajeev Thaikkad.
The loans are provided under the NORKA Department Project for Returned Emigrants (NDPREM), a state govt initiative implemented through NORKA Roots to support the rehabilitation of returning expatriates. The scheme offers capital and interest subsidies for entrepreneurial loans. We also published the following article.