In the situation where the covid-19 has increased, Lockdown has been declared in most places. A lot of people have lost their jobs and financial difficulties are also increasing.  To overcome this difficult situation Government of Kerala Introduced the NORKA Pravasi Bhadratha Scheme.

Who is eligible for Pravasi Bhadratha?
  • Applicants are to be either members of Kudumabshree NHG or any organization formed under the aegis of Kudumbashree.
  • Applicants are to be Return emigrants who have completed at least two years of employment abroad.

Three major schemes under this rehabilitation Programme:

  1. Pravasi Bhadratha – PEARL

It has been proposed to implement the scheme through the Kudumbashree Mission to address the targeted group with a sustainable livelihood.

Benefits and repayment of Pravasi Bhadratha – PEARL scheme?

  • Financial assistance up to 75% of the project cost or Interest-free loans up to Rs. 2 Lakhs.
  • Repayment with equal instalments within two years.
  1. Pravasi Bhadratha – MEGA

It has been proposed through KSIDC is envisaged to provide loans in the range of Rs. 25 lakhs to Rs. 2 crores per enterprise.

Benefits and repayment of Pravasi Bhadratha – MEGA scheme?

  • Firstly, KSIDC provides loans @ interest of 8.25% to 8.75%.
  • NORKA-ROOTS will provide interest incentives up to 3.25% to 3.75% for the first 4 years.
  1. Pravasi Bhadratha – MICRO

This scheme is envisaged to assist returned NRKs in setting up Micro and small-scale industries. The scheme is proposed to be implemented through the branches of Kerala State Financial Enterprises.

Benefits and repayment of Pravasi Bhadratha – MICRO scheme?

  • Loans up to Rs. 5 lakhs.
  • Capital subsidy @ Rs. 25% of the loan component up to a maximum of Rs. 1 lakh.
  • Interest subvention for initial 4 years @ 3%.
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