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 articles recently CM Revanth lied on loan waiver: Harish Rao Former minister Harish Rao criticized CM Revanth Reddy for failing to uphold his loan waiver promise of Rs 40,000 crore for farmers.
Harish Rao alleged that Reddy's revised promise of Rs 31,000 crore was also unfulfilled. He contrasted this with BRS's previous waiver of Rs 1 lakh for 35 lakh farmers, costing nearly Rs 17,000 crore. All you need to know about gold prices and gold loan interest rates in Kerala Gold holds a special place in Kerala, symbolizing wealth and tradition.
The current gold rate for 24K gold in Kerala is around Rs. 63,900 for 10 grams. Factors such as global trends, rupee fluctuations, and seasonal demand influence prices.
Gold loans are popular for liquidity, with Bajaj Finance offering competitive interest rates and multiple repayment options. SBI hikes MCLR, corporate loans to get costlier SBI increased its MCLR by 10 basis points across all tenures effective August 15. This adjustment, driven by higher funding costs due to an increase in deposit rates, marks the third consecutive monthly hike.
The three-year MCLR now stands at 9.1%, making corporate loans more expensive..
