Kerala to offer package to returned diaspora

Thiruvananthapuram, July 30 : A five member cabinet sub-committee Tuesday decided to clear a comprehensive package for Keralites who have returned from abroad and wish to set up their own businesses.

Finance Minister K.M. Mani said he has asked state-owned financial institutions to offer schemes to Keralites who have come back.

So far 15,000 applications for financial assistance have been received at the Non-Resident Keralite's Affairs Department (NORKA).

"We will screen these applications and based on their aptitude, we will give them necessary guidance," said Mani.

NORKA Minister K.C. Joseph said: "We will ask the State Level Banker's Committee to direct banks to offer loan schemes for these people. They have the moral responsibility as these banks are the biggest beneficiaries of the NRI deposits that have crossed Rs.60,000 crore."

He added that the cabinet sub-committee would meet again to draw out the financial assistance package.

"We are planning to extend a maximum Rs.20 lakh to a group of not more than five returnees if they wish to start a joint business initiative. Many have applied to buy vehicles to be operated as taxis," added Joseph.

He added that 9,000 people have returned from Saudi Arabia where labour laws are being tightened.

--IANS (Posted on 30-07-2013)

kerala-news headlines

Dasan favours inclusion of health, sports in school curriculum

School drop manufactures light aircraft

KPCC Secy replies to show cause notice

MRVC submits report on Rapid Rail Transit System to Kerala Govt

Tourist vehicle operators to go on fast

Sreedharan Pillai, N Ashokan chosen for award

Kerala Govt. refuses to renew licenses of over 400 bars

Kerala government to clear pending files

3 held for sword attack in Kerala

'Kerala to launch massive anti-liquor campaign'

Rs 1 lakh tobacco products seized

50 Thiruvananthapuram techies booked for thrashing murder accused

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top